Business Studies

Which of the following is not an external cause of sickness of small businesses?


ANSWER

Lack of skilled and trained labour


SOLUTION
Lack of skilled and trained labour is not an external cause of sickness of small businesses. Small Scale Industries (SSIs) play vital role in the economic development of a country. Some SSIs turn out to be sick due to various reasons. Some of the major causes for sickness in small scale industries are dealt in brief:
  • Inadequacy of working capital
  •  Non-availability of credit
  • Poor and obsolete technology
  • Non availability of raw material
  • Marketing problems
  • Poor Management


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