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INSTRUCTIONS TO CANDIDATES
2. Answer five (5) questions only in the Answer Booklet. Start each answer on a new page.
3. Do not bring any material into the examination room unless permission is given by the
invigilator.
4. Please check to make sure that this examination pack consists of:
QUESTION 1
(2 marks)
c) Explain the four-step creative process.
(16 marks)
QUESTION 2
c) Define a patent and explain what conditions are necessary for an inventor to patent.
(5 marks)
QUESTION 3
QUESTION 4
a) Explain the three (3) most commonly used type of financing for technological
ventures available in the country. Give two (2) examples for each type.
(10 marks)
b) If a new venture has a choice between long-term debt and equity financing, which
would you recommend? State your reasons.
(10 marks)
QUESTION 5
a) En. Kasim is writing his project feasibility study report. What information should he
include in the marketing segment of the report and why this information is important
to be included?
(17 marks)
b) En. Kasim intends to present his project feasibility report to a panel of venture
capitalists. Suggest steps that should be taken by En. Kasim before his oral
presentation.
(3 marks)
QUESTION 6
a) Describe the four (4) types of innovations and provide an example for each type of
innovations.
(10 marks)
b) What are the major sources of innovation? Explain and give an example of each.
(10 marks)
QUESTION 7
(3 marks)
b) Describe the factors that may influence an entrepreneur to adopt a harvest strategy.
(9 marks)
c) List down the eight (8) steps that should be followed before harvesting a business.
(8 marks)
QUESTION 8
How can new product development be successful? Describe four (4) effective product
development strategies.