What are the disadvantage of sme?

Answer 1

Small and medium-sized enterprises (SMEs) often face challenges such as limited access to financing, which can hinder growth and innovation. They may also struggle with economies of scale, making it harder to compete with larger companies on price and resources. Additionally, SMEs often have fewer resources for marketing and talent acquisition, which can limit their visibility and ability to attract skilled employees. Lastly, they may be more vulnerable to economic fluctuations, impacting their stability and sustainability.