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Demerits of indigenous business
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[QUOTE="Jasz, post: 295973, member: 61772"] Indigenous businesses, also known as small, locally-owned businesses, can face a number of challenges and limitations. One major disadvantage is limited access to financial resources and capital, which can make it difficult for these businesses to expand and compete with larger, well-established companies. Another disadvantage is the lack of economies of scale, which can make it difficult for indigenous businesses to produce goods and services at a lower cost than larger companies. Indigenous businesses may also lack the technological resources and expertise needed to compete in today's global economy. They may also find it difficult to navigate the legal and regulatory environment, which can be complex and challenging. Additionally, indigenous businesses may face challenges in terms of marketing and branding. They may not have the same level of visibility and market awareness as larger companies, which can make it difficult for them to attract customers and build a loyal customer base. Furthermore, indigenous business may face challenges in terms of recruitment, retention and management of employees, as they may not have the same level of resources and support as larger companies. [/QUOTE]
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Demerits of indigenous business
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