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 KCSE business studies paper 1 revision questions and answers set 5

Highlight four reasons why most businesses in Kenya operate on small scale basis

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Answer Text:
-small scale enjoys family labour
-Low level of entrepreneurship stalls
-Highly flexible
-Few legal formalities required
-Lack of managerial skills
-Requires little capital to start
-Profits are not shared.
-Cheap to run


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