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Question

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



A

Outdated technology

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B

Labour

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C

Procuring good quality raw materials

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D

Marketing

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Solution

The correct options are
A

Outdated technology


C

Procuring good quality raw materials


D

Marketing


Due to the global competition, small businesses find themselves lagging behind in technology. Since they don't have enough funds, they end up with no managers, and lack access to good quality raw materials. 


Business Studies

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