Challenges of Small Business
Which are the indirect challenges for small businesses that arise from global competition?
Procuring good quality raw materials
Which of the following is NOT a problem faced by small businesses in India?
Lack of good quality raw materials
Lack of labour
Lack of finance
Lack of technology
Which of the problems does small businesses solve indirectly?
What are the main reason(s) for lack of finance for small businesses?
Nature of business
Lack of creditworthiness
Lack of guarantee
None of the above
With 100% FDI in India, which challenge do the small scale industries face?
Mohan, a handicraft company owner, invested a lot in inventories which eventually lead to huge costs and very less income. What challenge is he facing here?
Low quality raw material
Access to credit is a challenge for small businesses from both formal and informal sources.
Sita opened a small stationery shop in her town. However, she figures the need to hire middlemen to take care of the marketing aspect in order to get her business known and earn more customers. Even then she realizes that it is a challenge. Why?
Difficult to find middlemen
Middlemen charge an exorbitant fee for marketing
No challenges are faced
Inadequate education among the existing middlemen
Which of the following is closely interlinked with the challenge of capacity utilisation?
Lack of skilled labour