1.

Explain the areas where small businesses feel threatened from global competition.

Answer»

Given below are the areas where small businesses feel threatened from global competition: 

  • It is difficult to maintain quality standards, technological skills, financial credit worthiness, managerial and marketing capabilities of the large industries and MNCs. 
  • They have to face competition from giant sized MNCs along with medium and large scale enterprises. It brings cut throat competition for them. 
  • There is limited access to markets of developed countries because of stringent requirements of quality certification like ISO: 9000 etc.


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