SMEs lack of innovation is one of the reasons SMEs face difficulties in entering international markets

Question

Quizplus · Accepted Answer

The difficulty arises where SMEs lack the innovative strength of larger firms. They may not have the same technological track record or the resources necessary for R&D. Small firms may avoid industries in which technological investment is considerable, or may focus on sectors such as electronics or software in which high rates of technological obsolescence mean there are few barriers to entry.

SMEs Lack of Innovation Is One of the Reasons SMEs