REASONS FOR BUSINESSES TO REMAIN SMALL

Question 1

Less Competition

Answer 1

Because smallbusinesses usually operate in niche markets where larger businesses don’t get involved in, the level of competition is much lower.

Question 2

Competition Advantages

Answer 2

Small businesses are more flexible and provide a more personalized service.

Question 3

Prestige

Answer 3

Smaller businesses usually provide more exclusive goods and services which allows them to raise their prices.

Question 4

Greater Motivation

Answer 4

Because of the prestige the employees are more motivated. In addition the employeer - employee relationship is better and employees have a sense of belonging to the business.