Get premium membership and access questions with answers, video lessons as well as revision papers.

What challenges may be experienced by a new entrepreneur who is intending to start a business in Kenya?

      

List the challenges that may be experienced by a new entrepreneur who is intending to start a business in Kenya.

  

Answers


Maurice
(i) Poor infrastructure/ poor roads which may hinder access to markets or inputs.

(ii) Inappropriate technology which may result in less quantity or poor quality products.

(iii) Unfair competition.

(iv) Inadequate manpower to run the business effectively.

(v) Poor pricing which might make the product to be too expensive to attract buyers or too cheap to sustain the business.

(vi) Inadequate market.

(vii) Inadequate capital/ funds to sustain/ expand.

(viii) Inadequate skills/ poor management.

(ix) Unfriendly/ poor government policies for example, high taxes which are unfavourable to the growth/ expansion of the business.
maurice.mutuku answered the question on July 22, 2017 at 08:07


Next: What channels can be used to distribute locally manufactured goods?
Previous: What circumstances make it necessary for insurance companies to re-insure?

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions