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list three disadvantages AND advantages that small businesses have over larger, more complex companies
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12 votes
list three disadvantages AND advantages that small businesses have over larger, more complex companies

User Jsonbourne
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1 Answer

15 votes
15 votes
Advantages:
Small businesses are able to get closer and have a good relationship with their customers making them more likely to support their business.

It will be easier for small businesses to survive during market condition changes.

It is easier for them to take risks.

Disadvantages:

Smaller brand recognition

Smaller budgets

They have a lack of bargaining power compared to larger businesses.
User Umamahesh P
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