SUBJECT - OPERATIONS MANAGEMENT

## SOLVE ALL THE QUESTIONS AND PROVIDE CORRECT ANSWER WITHOUT PRAGIARISM##

Q3 a) Describe the main elements of the entrepreneurial process model and its impact on the entrepreneurship thinking? (4 marks) b) Using the success triangle, examine the main failure factors in entrepreneurship? Can this form of model have any use in entrepreneurship practice? (marks) c) What factors should Chisehe take into account when locating her wholesale furniture manufacturing plant in Lusaka? (4 marks) d) Describe the five fields of operations management? With the help of the model show the transformation process in chiyeyeye manufacturing Itd? (8 marks) Total marks 20 Total 20 04. a) Recently, there has been a growing awareness of the important social and economic roles of the Small Business sector (MSMEs) and the importance of entrepreneurship in stimulating growth of socio-economic sector and development. This has been true in both developed and developing economies of the world. Critically discuss the factors that have provided the impetus to this kind of development? (6 marks) b) Explain the difference between full-absorption costing and direct costing? How does absorption costing help an entrepreneur make better decision? (4 marks) c) "A start-up entrepreneurship does not need to develop a business plan when launching a new enterprise. All he/she need is a business idea and money to start operating." Evaluate this statement supporting your answer with facts (6 marks) d) Describe three strategies for negotiations and What type of negotiation skills should Chiseche possess in contract management? (4 marks)