(i) Small initial capital.
(ii) Few legal requirements.
(iii) Need to retain control.
(iv) Flexible (more adaptable to changing circumstances)
(v) Simplicity ( easy to manage/ organize).
(vi) Quick decision making.
(vii) Small size of the market.
(viii) Nature of the products/ personal services.
maurice.mutuku answered the question on June 28, 2017 at 13:13
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