0 votes
in Revision by

What are demerits a firm may experience as a result of growth of the entire industry?

1 Answer

0 votes
by (82.6k points)

Demerits a firm may experience as a result of growth of the entire industry are;

  • Scramble for raw materials
  • Non-availability of land for expansion
  • Scramble for available skilled labour
  • Competition for available markets
  • Easy target especially in times of war
Welcome to Kenyayote Q&A, where you can ask questions and receive answers from Kenyayote staff and other members of the community.

Before you ask, search the website to make sure your question has not been answered.
If you are ready to ask, provide a title about your question and a detailed description of your problem.
...