(a)What is a small business?

(b)Small businesses are a waste of time and resources in an economy.Do you agree?
(30 marks)

Question two.

Discuss how business is expected to be socially responsible to each of the following stakeholders.

(a)Customers
(b)Competitions
(c)Government
(d)Local community
(20 marks)

Question three.

Discuss the fundamental business functions,highlighting how each contributes to the existence and survival of a business. (20 marks)

Question four.

(a)What is international business?

(b)Explain why a firm may seek foreign markets.
(20 marks)

Question five.

Discuss the sources of finance for small businesses in Kenya. (20 marks)

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