Question:

What are the problems facing Small and Medium Enterprises?

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business

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2 ANSWERS


  1. CApital, Managemnt, allocation of resources


  2. Challenges for small and medium enterprises (SMEs): competing with bigger business (they often have more access to resources: people/money) and understanding their markets and how to perform in their markets.  Some examples:

    - Cash flow is often a problem for the SMEs

    - market research takes time and resources

    - building strategy requires analysis of markets, buyers, competition

    And so much more.

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