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Everyday challenges of small and medium enterprise
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[QUOTE="Etini, post: 283221, member: 90141"] There is no economy that can stay strong without the efforts of the small and medium enterprises. That is why they need to be supported by the government at all levels. I am operating as a small and medium-scale business, so I am fully aware of the challenges that they face. One of such challenge is the inability to enjoy economies of large-scale production. A large-scale business would always have a lower cost of production compared to a small-scale business. With that, the large-scale business can afford to bring down the price of the final product slightly making customers to rush and patronize them thereby out-competing you. Another thing is that large-scale firms can afford to employ professional hands and pay them for their services. For a small business, he cants employ many of the pros which would ultimately affect his efficiency. Nevertheless, small businesses would continue to exist and thrive. [/QUOTE]
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