Question

Discuss the competitive advantages of a small business.

Answer 1

Answer - The comparitive advantages of small business are -

1 - The decisions in the small business have greater amount of efficiency and the quick taking up lesser time

2 - The smaller businesses have much ease in arranging for the finance as they do not need much finance as compared to the large business.

3 - The level of formal and legal procedures are lesser due to which there are lesser complications in the fucntioning of business.

4 - There is ease in the shifting of business from one location to other as compared to the larger business.