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CHALLENGES FACING TRADING BUSINESSES

  • Insecurity, e.g. wars, robberies, thieves etc
  • Poor infrastructures, e.g. roads, railways
  • Inadequate market, there is limited market for the goods
  • Lack of skilled manpower to manage business operations
  • Lack of enough capital to stock a variety goods needed by customers
  • Lack of enough funds to expand on their businesses they don’t get loans because
    of lack of collateral securities needed by lenders
  • Language barrier especially to people who get involved in importation and
    exportation of goods
  • Traders face difficulties with various laws and regulations which must be followed
    during business transactions.
  • Lack of appropriate storage facilities especially for perishable products
    10.Customers’ changing tastes and fashions for some of trading businesses.
    11.Stiff competition from other businesses which reduce their market

The post Challenges Facing TRADING Businesses appeared first on GEOGRAPHY POINT - GEOGRAPHY,HISTORY, MAPS AND GIS.



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CHALLENGES FACING TRADING BUSINESSES

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