How do small manufacturers suffer? Give few examples.
Answers
Answered by
5
Answer:
Small manufacturers suffer because they usually borrow money from different sources to invest in their business but very few people buy their goods and lots of their stock remains as such .So they are not able to pay off their debt which in turn results in more loss of small manufacturers
Answered by
3
Small manufacturers suffer at the hands of moneylenders and other people who have interference in their business.
Explanation:
- Small manufacturers face multiple problems in carrying out their businesses.
- The first and foremost problem is in form of acquiring capital.
- Small manufacturers have fewer resources due to which they are unable to secure loans from banks. As a result, they borrow from other sources which have a higher rate of interest than the bank's rate.
- Small manufacturers also face problems in getting customers as they are already attracted to big brands which have spent a lot on advertisement.
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