Problems of small scale retail business. - SS1 Commerce Past Questions and Answers - page 1
1
What is a common problem faced by small-scale retailers?
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A
Unlimited financial resources.
B
Rising costs and overhead expenses.
C
Limited competition from larger retail chains.
2
Which factor poses a challenge for small-scale retailers in competing with larger players?
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A
Extensive marketing power.
B
Access to unlimited resources.
C
Greater negotiating power.
3
What is a constraint faced by small-scale retailers in terms of customer base?
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A
Limited geographical reach.
B
Unlimited online reach.
C
Global market presence.
4
What may hinder small-scale retailers from adopting new technologies?
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A
Resistance to change.
B
Access to unlimited resources.
C
Advanced expertise in technology.
5
Which challenge may small-scale retailers face in staffing?
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A
Access to a wide pool of skilled employees.
B
Offering competitive salaries and benefits.
C
Limited training opportunities.
6
What are examples of operational limitations small scale retailers may suffer from?
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7
Discuss vulnerability that small scale retailers face due to seasonals fluctuations
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