(i) Inadequate market due to incomes of buyers/ customers due to belief of customer.
(ii) Unfair competition where it may be too high for new entrepreneur.
(iii) Inadequate man power to operate/ run the business effectively.
(iv) Inadequate capital/ funds to sustain or expand due to lack of collateral to meet the running cost.
(v) Inadequate skills/ poor management to enable one to operate the business properly.
(vi) Unfriendly/ poor government policies such as high taxes which are expansion of the business.
(vii) Poor infrastructure/ poor roads may hinder access to inputs and markets.
(viii) Poor prices which might make the product to be too expensive to attract buyers or too cheap to sustain the business.
(ix) Inappropriate technology which may result in less quality or poor quality products.
maurice.mutuku answered the question on August 16, 2017 at 05:42
- What measures may the government take to attract firms to an area?(Solved)
List measures that the government may take to attract firms to an area.
Date posted: August 15, 2017. Answers (1)
- What factors may lead to an increase in the level of national income of a country?(Solved)
Outline factors that may lead to an increase in the level of national income of a country.
Date posted: August 15, 2017. Answers (1)
- In what ways is credit note useful to a supplier?(Solved)
Give ways in which credit note is useful to a supplier.
Date posted: August 15, 2017. Answers (1)
- Why is agriculture the leading economic activity of Kenya?(Solved)
List the reasons why agriculture is the leading economic activity of Kenya.
Date posted: August 15, 2017. Answers (1)
- What are the factors influencing the choice of product promotion methods?(Solved)
List the factors that influence the choice of product promotion methods.
Date posted: August 15, 2017. Answers (1)
- What errors may be revealed by a trial balance?(Solved)
List the errors that may be revealed by a trial balance.
Date posted: August 15, 2017. Answers (1)
- What are the merits of a long chain of distribution?(Solved)
Highlight the merits of a long chain of distribution.
Date posted: August 15, 2017. Answers (1)
- What are the services offered by local authorities in Kenya?(Solved)
Outline the services offered by local authorities in Kenya.
Date posted: August 15, 2017. Answers (1)
- What are the advantages of sending parcels using courier firms?(Solved)
List the advantages of sending parcels using courier firms.
Date posted: August 15, 2017. Answers (1)
- What is the importance of trade to a country?(Solved)
Outline the importance of trade to a country.
Date posted: August 15, 2017. Answers (1)
- What are the functions of a proforma invoice?(Solved)
List the functions of a proforma invoice.
Date posted: August 15, 2017. Answers (1)
- What are the roles of business ethics to a business?(Solved)
List the roles of business ethics to a business.
Date posted: August 15, 2017. Answers (1)
- What benefits does the company get from being quoted in the stock exchange market?(Solved)
List the benefits that a company gets from being quoted in the stock exchange market.
Date posted: August 15, 2017. Answers (1)
- What are the ways of decreasing imports?(Solved)
Highlight the ways of decreasing imports.
Date posted: August 15, 2017. Answers (1)
- What documents are required in the registration of a public company?(Solved)
List the documents that are required in the registration of a public company.
Date posted: August 15, 2017. Answers (1)
- Under what circumstances would a firm be located near the market for its products?(Solved)
Highlight circumstances under which a firm would be located near the market for its products.
Date posted: August 15, 2017. Answers (1)
- What are the advantages of pay as you earn (PAYE) tax as a source of government revenue?(Solved)
List the advantages of pay as you earn (PAYE) tax as a source of government revenue.
Date posted: August 15, 2017. Answers (1)
- What are the differences between life assurance and general insurance?(Solved)
List the differences between life assurance and general insurance.
Date posted: August 15, 2017. Answers (1)
- What are advantages of using the internet as a means of communication?(Solved)
Highlight the benefits of using internet as a means of communication.
Date posted: August 15, 2017. Answers (1)
- What are the features of an efficient transport system?(Solved)
List the features of an efficient transport system.
Date posted: August 15, 2017. Answers (1)