How is maintaining quality the weakest point for small businesses?
How is maintaining quality the weakest point for small businesses?
The correct option is C All of the above
Products and services are sold based
on the quality and price at which they are offered to the consumers in the
market. Small business usually is not able to maintain the quality of product
due to many reasons such as they always making efforts to cut the cost that is
involved in the process of production of the product by using low quality of raw
material that is cheap because of which they keep the price of the product low.
They don’t have adequate funds that are required to maintain the industrial
standards and quality of the product and usually, these small businesses are
operated by the people who are not much educated and versatile due to which
they are also not able to upgrade the technology that is required to run the
business that will help in meeting the present demand of the market. Thus, all
of the above options are correct.
Products and services are sold based on the quality and price at which they are offered to the consumers in the market. Small business usually is not able to maintain the quality of product due to many reasons such as they always making efforts to cut the cost that is involved in the process of production of the product by using low quality of raw material that is cheap because of which they keep the price of the product low. They don’t have adequate funds that are required to maintain the industrial standards and quality of the product and usually, these small businesses are operated by the people who are not much educated and versatile due to which they are also not able to upgrade the technology that is required to run the business that will help in meeting the present demand of the market. Thus, all of the above options are correct.
