Reasons for staying small
- Created by: GeorgeHowell144
- Created on: 28-11-18 09:32
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- Reasons for a business staying small
- Flexibility
- Small business can make decisions faster and adapt to competitive environment
- Owner preferences
- Owner may be satisfied with level of profit
- Costs
- Smaller firms have lower running costs
- Personal service
- Easier to provide a personal service to customer
- Convenience as USP
- Able to serve local community. More convenient than large competitor
- Control and efficiency
- Owner keeps control of the business and easier to operate efficiency
- Flexibility
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