Recession

The effect it has on smaller Businesses:
-Media advirtises bigger businesses so therefore smaller businesses are more likely to go bankrupt
-Not as much fast supply and demand on smaller prices
-Small businesses are not globalised
-Prices cheaper in bigger businesses may loose customers
-Smaller variety of products
-Lack of demand
-INFLATION
-More over heads
-Need to change prcing strategies
-Less Funding
-More likely for banks not to loan money
-Invest more of owners money
-Higher rate of failure
-75% of small business fail
-Competition
-Lower rate of sucess

Trade credit= Peoplle used to not have to pay for goods straight away now up to 30 days now you have to pay as thyere is a less risk if the money is there quicker.