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Economies and Diseconomies of scale - size of a business., Internal…
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other limits to growth
lack of finance: businesses are unable to raise the finance needed to expand due to a lack of confidence from lenders.
nature of the market: some markets are too small to sustain very large companies, therefore businesses in this merket will struggle to grow into large organisations.
lack of managerial skills: lack of vision, good leadership skills, highly effective communication skills and responsiblity.
lack of motivation: owners don't want to take responsiblity, which means that they need time and motivation. such businesses are likely to remain small.
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