what are benefits and limitation of bussinesses specializing in the production and supply of just one type of good?
Ответы
advantages:
The peculiarity of venture capital, as well as small business in general, is the desire for competition, which is facilitated by a relatively young composition of novice entrepreneurs seeking practical things, immediate implementation of their plans. The mobility shown at the same time often confuses large firms, which are more inclined to cling to the old methods of competition. They are slowly rebuilding their management structures and are often forced to take a defensive position.
The evidence can be the cluster development of production in certain places practiced by small venture firms headed by self-confident entrepreneurs.
Entrepreneurs engaged in business in the field of credit institutions, car sales, clothing, restaurants, consumer services, group their business in certain areas next to competitors. This turns out to be beneficial for the following reasons:
– easier labor search;
– ease in organizing the delivery of products and monitoring competitors;
– providing better knowledge of customers, their location.
Idk about the disadvantages