DISADVANTAGES OF MSMEs

Posted by pm brothers On Friday, April 5, 2013 0 comments

 MSMEs suffer from lack of funds. They are financially weak.
 They suffer from lack of managerial and other skills. They cannot employ highly paid
officials
MSMEs always face tough competition from large businesses
 They are not well equipped to make advantage of the latest technology and modern
methods.
There is only a little scope for division of labour and specialization
 MSMEs cannot afford to spend large sums of money on research and experiments
  They cannot survive in times of adversity
 They cannot secure cheap credit.

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