1a. State any five important pitfalls commonly encountered in the process of selecting a new venture (5 Marks)

1b. Briefly explain how any four of the pitfalls affect the process of selecting a new venture. (5 Marks)

2a. Define corporate entrepreneurship (5 Marks)

2b. State five important points for establishing corporate entrepreneurship (5 Marks)

3a. State five entrepreneurial motivation for individuals for starting a venture (5 Marks)

3b. Classify the three stated entrepreneurial motivation for starting a new venture into;

i. The macro approach of entrepreneurship

ii. The micro approach of entrepreneurship

(6 Marks)

3c. State briefly your reasons for the classification (6Marks)