The micro, small and medium enterprises face problems at every stage of their operation, whether it is buying of raw materials, manufacture of products, marketing of goods or raising of finance. These industries are therefore not in a position to secure the internal and external economies of scale.
The major problems confronting the sector have been identified as:
- Technology obsolescence
- Managerial inadequacies
- Delayed Payments
- Poor Quality
- Incidence of Sickness
- Lack of Appropriate Infrastructure
- Lack of Marketing Network
From Wiki Answers
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