Question

Explain how marketing problems lead to industrial sickness in case of small business.

Answer 1

Industrial sickness is defined all over the world[dubious – discuss] as "an industrial company (being a company registered for not less than five years) which has, at the end of any financial year, accumulated losses equal to, or exceeding, its entire net worth and has also suffered cash losses in such financial year and the financial year immediately preceding such financial year".[who

Answer 2

Marketing problems lead to industrial sickness in case of small business which can be explained as follows:

Explanation: Industrial sickness refers to the situation when small business doesn't perform up to the mark and bear losses for several years with the increase in debt obligation. In such a situation, only two options are left: either closure of the business or revival of the same.

There are many factors which lead to industrial sickness in case of small business and one of the most important internal factor is Marketing Issues which can be explained as follows:

The major reason for any success of the business is the customers and to serve them best, every company needs to make efforts towards the marketing aspects which includes study of the market, producing the product as per customer needs and many more.

A single failure in any marketing aspect leads to the industrial sickness and ultimately closure of the business. Every small business needs to stress on these issues for the long term survival of their business.

Learn more about industrial sickness:

Question: What is industrial sickness symptoms of sick industry?

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Question: Explain the causes of industrial sickness in India

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