Effects of rising competition on small producers
Answers
Explanation:
Small business have suffered a lot due to increased competition resulted from e-commerce and large suppliers like malls etc.
The problem with the small scale producer is that, they do not have sufficient resources to cope with the ever increasing demand of customers which is being fulfilled by the competitors.
As a result, there is loss of business, people are leaving businesses and this sector is getting highly effected.
Answer:
Explanation:
Small business have suffered a lot due to increased competition resulted from e-commerce and large suppliers like malls etc.
The problem with the small scale producer is that, they do not have sufficient resources to cope with the ever increasing demand of customers which is being fulfilled by the competitors.
As a result, there is loss of business, people are leaving businesses and this sector is getting highly effected.