What are the ways in which Ravi’s small production unit was affected by rising competition?

1. Reduced Earnings: More competition could mean Ravi’s unit might have to lower prices to attract customers, leading to less money earned for the same products.

2. Trouble Finding Customers: With more companies in the market, it could become harder for Ravi’s unit to find new customers or keep the ones they have.

3. Need to Improve Products: To compete, Ravi’s unit might need to make better or newer products, which could be difficult if they have limited resources.

4. Problems with Buying Materials: With more competition, it might become harder or more expensive for Ravi’s unit to buy the materials they need to make their products.

5. Challenges in Advertising: It might be tough for Ravi’s unit to make their products known to people compared to bigger companies with more money for advertising.

6. Hiring and Keeping Good Workers: If bigger companies offer better pay or benefits, Ravi’s unit might struggle to find and keep good workers.

These challenges show how competition affects smaller businesses like Ravi’s, making it harder for them to sell their products and compete against larger companies.