13/01/2019
makkarIELTS Speaking Jan-Apr 2019
- Google Docs
https://docs.google.com/document/d/1hw-0pAI8JGZu2elom7zJ7YhD5bK8blVSX2RTTHRMEBY/edit#
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9.
In business, do companies need to be competitive?
Yes, definitely. Business is all about competition. If you don’t compete how can you run
a business? You have to sell your products and for that you have to compete with your
rivals. Otherwise they will succeed and you will lose.
10.
Should companies promote competition and why?
Yes, surely. Companies should promote competition because if they don’t compete how
can they run a business? They have to sell their products and for that they have to
compete with their rivals. Otherwise they will fail and others will succeed. However,
they should promote healthy competition and should not use unethical means to
compete.
11.
What challenges and difficulties people face when they try to have a successful
small business?
They have to do proper market research and see if there is demand of their product or
service. They also have to see if they will be getting competition from the international
sector. For example, a bicycle manufacturer from India may not be able to compete
with the cheaper and better looking bicycles from China. Then there are other
formalities like government approvals etc.
12.
What should be the government's’ role in how small businesses are run?
Government should promote small businesses by providing subsidies to budding
entrepreneurs. This way unemployment will be reduced. It should do careful and fair
evaluation of the business plan of the person and help in all the ways it can. Prime
Minister Modi’s ‘Make in India’ Campaign is a step in this direction.
13.
What are the advantages and disadvantages of small businesses compared to
large companies? (Difference between big companies and small companies?)
There are many differences between big and small companies. To begin with, big
companies offer bigger pay packages than small companies. Secondly, these
companies give many perks and bonuses from time to time. These companies give
benefits like health insurance and travel allowance. Another big advantage of big
companies is that it is a status symbol to work in these companies. Furthermore, they
provide opportunities to travel overseas. Moreover, in a big company hands on training
is provided to all new workers.
On the other hand, in a small company, everybody knows everybody. You are not part
of a big crowd as in a big company. If you do some good work, you are applauded for
it.
If you open your own small business, you are your own boss. You decide your
paycheck. The more you work, the more you earn. The disadvantage is that there is a
lot of risk and in case you don’t do well, you can suffer a heavy financial loss.
14.
How can businesses benefit the community in which they are located?
Businesses can benefit in many ways. They can provide scope for many supporting
businesses to flourish. For example, restaurants, hotels, and many more.
15.
What are the advantages of exports?
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