Challenges of Small Business

Q.

Which are the indirect challenges for small businesses that arise from global competition?

1. Outdated technology

2. Labour

3. Procuring good quality raw materials

4. Marketing

Q.

Which of the following is NOT a problem faced by small businesses in India?

1. Lack of good quality raw materials

2. Lack of labour

3. Lack of finance

4. Lack of technology

Q.

Which of the problems does small businesses solve indirectly?

1. Unemployment

2. Poverty alleviation

3. Women empowerment

4. Financial inclusion

Q.

What are the main reason(s) for lack of finance for small businesses?

1. Nature of business

2. Lack of creditworthiness

3. Lack of guarantee

4. None of the above

Q.

With 100% FDI in India, which challenge do the small scale industries face?

1. Global competition

2. Labour

3. Managerial skill

4. Raw materials

Q.

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?

1. Managerial skill

2. Low quality raw material

3. Technology

4. Labour

Q.

Access to credit is a challenge for small businesses from both formal and informal sources.

1. True

2. False

Q.

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?

1. Difficult to find middlemen

2. Middlemen charge an exorbitant fee for marketing

3. No challenges are faced

4. Inadequate education among the existing middlemen

Q.

Which of the following is closely interlinked with the challenge of capacity utilisation?

1. Outdated technology

2. Marketing

3. Lack of skilled labour

4. Managerial skill

Q. What are the problems faced by small scale business?

1. Finance
2. Technology
3. Labour
4. Managerial
   Skill
5. Marketing
6. Quality
7. Security
8. Flexibility