Entrepreneurship and small business MGT 402

This assignment is an individual assignment.
Due date for Assignment 2 is 12/11/2022
The Assignment must be submitted only in WORD format via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented; marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.

Entrepreneurship and small business
ASSIGNMENT -2 Submission Date by students: Before the end of Week- 12th
Place of Submission: Students Grade Centre
Weight: 15 Marks
Learning Outcome:
1. Outline the solid understanding of the potential of entrepreneur in today’s competitive business world.
2. Describe the place of small business in history and explore the strengths and weaknesses of small business.
3. Demonstrate the ability to deliver and communicate marketing massages in coherent and professional manner.
Assignment Workload:
This assignment is an individual assignment.
Case Study
Students are supposed to read the attached Case -Penn Brewery. Based on your understanding of the case and basic concepts of Entrepreneurship.
Answer the following question:
1. Should Tom Pastorius buy Penn Brewery? Explain. (3 marks)
2. Tom Pastorius says, “I’m not a good employee.” What does he mean? Do you think the same is true of most entrepreneurs? (4 marks)
3. What challenges does selling the businesses they create pose for entrepreneurs? (4 marks)
4. If Pastorius decides to buy the brewery, what steps should he take before closing the deal? (4 marks)
The Answer must follow the outline points below:
Each answer should be within 200 to 500 range of word counts.
Note: You can support your answer by the course book.
You can use secondary source available on internet.