Observation

They were required to
2 (a) Explain what is business plan.

(b). State four importance of a business plan

(c) State four sources of financing the garment industry.

In question 2a, candidates did well by giving the definition of business plan correctly. It is the blue print of the business which contains the major highlights of the plan which captures the salient ideas and concepts. This provides an effective checklist of the information gathered in order to be sure the direction of the venture is achievable. Question 2(b) candidates were fair in their response to the Importance of a business plan.

A good number of candidates answered this correctly. The importance of a business include: for analyzing a business, to know the details of a business, a call to action, to give an update to the business, to make sound decisions among others.

2(c) Was on source of financing the garment industry. Candidates were able to give correct answers Garment industry can be financed through bank loan. Gift from parents and or fairly member, credit union, friends, money lenders, insurance, cooperative society, personal savings, NGO financing, government grant, among others.