2. Which of the following is not a problem of small business?
(a) Raw materials and power
(b) Old technology
Inadequate finance
(d) Local demand
Which of the following is helpful in balanced regional development
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(c) Inadequate finance
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- Local demand is not a problem of small business.
- In fact, is one of the strength of small business which keeps them going.
- Small business are usually small in most of their aspects like the availability of goods the sales margin as well as the number of employees.
- It focuses on the demands of the neighbourhood and tries to keep up with it.
- It is based on some level of mutual trust and relationship between the buyer and seller.
- The factors like raw materials old technology and adequate finance are the problem of a small business.
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