INSTRUCTION ANSWER ALL QUESTIONS FROM SECTIONS A AND B, AND ANY TWO QUESTIONS FROM SECTION C Section A: Answer all questions from this section (40 marks) Mr. Oduro is a family friend who has a small business. He produces pineapple juice and sells to a few customers in the community. He wants to expand his business and supply some supermarkets who have expressed interest in his product He is also thinking of adding mango juice to his line of production. Due to the size of his business, Mr. Oduro has not really bothered to employ anyone, he handles every bit of the production process by himself while his wife and two daughters fend luin a hand from time to time. As part of his expansion plans, he intends to employ about ten people to help him, since his daughters are leaving for school. Mr. Oduro is however bothered by some issues; he is aware of the cost of credit at the banks and he fears going to the bank for a loan. He thinks he might not break even, and his business might be taken away from him if he defaults payment. He has also been thinking of the kind of people he has to employ to make his business successful. He is also aware of several products like his in the market which are popular, and he is thinking of how he can get recognized in the market space. Above all, Mr. Oduro is very sceptical about this huge step he wants to take. He is afraid that he might lose everything if it fails As a student of entrepreneurship, advice Mr. Oduro in the following areas, QUESTIONS 1. Apart from the banks, which two other sources of finance will be best for him and why? (10 marks) 2. What skills must be look for in the people he will be hiring and how diverse should be their background in business? (10 marks) 3. How can he utilize creativity and innovation to create a presence in this competitive market space? (10 marks) 4. What qualities does Mr. Oduro need to be a successful entrepreneur? (10 marks) INSTRUCTION ANSWER ALL QUESTIONS FROM SECTIONS A AND B, AND ANY TWO QUESTIONS FROM SECTION C Section A: Answer all questions from this section (40 marks) Mr. Oduro is a family friend who has a small business. He produces pineapple juice and sells to a few customers in the community. He wants to expand his business and supply some supermarkets who have expressed interest in his product He is also thinking of adding mango juice to his line of production. Due to the size of his business, Mr. Oduro has not really bothered to employ anyone, he handles every bit of the production process by himself while his wife and two daughters fend luin a hand from time to time. As part of his expansion plans, he intends to employ about ten people to help him, since his daughters are leaving for school. Mr. Oduro is however bothered by some issues; he is aware of the cost of credit at the banks and he fears going to the bank for a loan. He thinks he might not break even, and his business might be taken away from him if he defaults payment. He has also been thinking of the kind of people he has to employ to make his business successful. He is also aware of several products like his in the market which are popular, and he is thinking of how he can get recognized in the market space. Above all, Mr. Oduro is very sceptical about this huge step he wants to take. He is afraid that he might lose everything if it fails As a student of entrepreneurship, advice Mr. Oduro in the following areas, QUESTIONS 1. Apart from the banks, which two other sources of finance will be best for him and why? (10 marks) 2. What skills must be look for in the people he will be hiring and how diverse should be their background in business? (10 marks) 3. How can he utilize creativity and innovation to create a presence in this competitive market space? (10 marks) 4. What qualities does Mr. Oduro need to be a successful entrepreneur? (10 marks)