WAEC SSCE - Economics - 2000 (Objective)

Question 1 Report

Small enterprises finds it difficult to expand due to

inadequate capital

lack of skilled manpower

the high level of technology required for expansion

their inability to provide after-sale services

Answer Details

Small enterprises often find it difficult to expand due to inadequate capital. This means that they don't have enough money to invest in the necessary resources, such as new equipment or employees, to expand their operations. Without enough capital, they may struggle to keep up with demand or to enter new markets. Lack of access to loans or other forms of financing can also contribute to the problem. While lack of skilled manpower, the high level of technology required for expansion, and the inability to provide after-sale services can be challenges for some small enterprises, inadequate capital is often the main obstacle to growth.






Press & Hold to Drag Around
Click Here to Close