Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Form 3 business studies revision questions and answers set 4

Explain five problems facing small scale businesses in Kenya

 (1m 26s)
822 Views     SHARE

Download as pdf file

Answer Text:
-Small capital. There is limited avenues of raising capital
-Lack of managerial skills. They have limited skills in regard to business management
-Lack of continuity. The business can cease to exist as soon as the owner dies
-Lack of division of labour and specialization
-Poor choice of business projects or enterprises
-Owner lacks the know how or skills to choose viable projects


|