Question

Write any three problems of Small business in India?

Answer 1

Answer:

What are the problems faced by Small Scale Industries in India?

Poor capacity utilization.

Incompetent management.

Inadequate Finance.

Raw material shortages.

Lack of marketing support.

Problem of working capital.

Problems in Export.

Answer 2

Limited resources, less exposure, and the number of substitutes are problems faced by small businesses in India.

Explanation:

• The most common problems faced by small businesses in India are:
• The small businesses have limited resources. Be it financial resources or raw material for further production, these resources are very limited.
• Small businesses have less exposure to the market as they cannot afford expensive marketing strategies and advertisements.
• The number of substitutes in Indian markets are very high. For a single product, a number of brands are there selling the products at different prices. This reduces the sales of a small business.