question_answer

Explain the areas where small businesses feel threatened from global competition.

Answer:

Ans.     Given below are the areas where small businesses feel threatened from global - competition:

(a) It is difficult to maintain quality standards, technological skills, financial credit worthiness, managerial and marketing capabilities of the large industries and MNCs.

(b) They have to face competition from giant sized MNCs along with medium and large scale enterprises. It brings cut throat competition for them.

(c) There is limited access to markets of developed countries because of stringent requirements of quality certification like ISO: 9000 etc.