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