Question 26
Business OrganisationsThe major reason for the survival of small shops despite competition from large business enterprises is because of
- A.the small capital outlay involved
- B.regularity and constant supply of commodities by them
- C.their local services and longer hours of operation
- D.their level of managerial competence.
Show the answer and explanation
Answer: C (their local services and longer hours of operation)
Explanation
Small shops survive because they are close to customers, open long hours, give credit and personal service that big stores cannot match.