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Please view explanation and answer below.Entrepreneurship and small businessAssignment 1 MGT402 (1st Term 2022-2023)Deadline: 12/11/2022 @ 23:59Course Name: Entrepreneurship andsmall businessCourse Code: MGT402Student’s Name:Semester: 1stCRN:Student’s ID Number:Academic Year: 1444 H (2022-2023)1st TermFor Instructor’s Use onlyInstructor’s Name:Students’ Grade: /15Level of Marks: High/Middle/LowInstructions – PLEASE READ THEM CAREFULLY••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 reducedfor 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 otherresources without proper referencing will result in ZERO marks. No exceptions.• All answered must be typed using Times New Roman (size 12, double-spaced) font. Nopictures containing text will be accepted and will be considered plagiarism).• Submissions without this cover page will NOT be accepted.Entrepreneurship and small businessASSIGNMENT -22Entrepreneurship and small businessSubmission Date by students: Before the end of Week- 12thPlace of Submission: Students Grade CentreWeight:15 MarksLearning 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 smallbusiness.3. Demonstrate the ability to deliver and communicate marketing massages in coherent and professionalmanner.Assignment Workload:This assignment is an individual assignment.Case StudyStudents are supposed to read the attached Case -Penn Brewery. Based on your understanding of the caseand 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 ofmost entrepreneurs? (4 marks)3. What challenges does selling the…
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