3) State any four features of sole trading concern.
Q.5
Justify the following scatements. (any 2)
1) Wholesaler performs various marketing function.
2) Generally small scale Industies are sick.
3) Sole proprietorship is useful for small business.
Q. 6 Answer the following - (any 1)
1) Give Comparative analysis of business profession and employment.
2) What is export trade ? Explain its procedure in detail.
3) Write down the benefits of small business.
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Answers
Answer:
The reasons are as follow:
1. Small scale businesses require a small capital with no need for knowledge and experience. Therefore it make easier for people to enter the retailing business
2. A small shop is easier to manage and usually the family members help in the running of the business, thus is no need for hiring assistants
3. Small scale retailers give personal advice and service. The customers prefer to buy goods from such retailer who provides a personal touch in the dealings
4. Many small scale retailers provide for home delivery services for example daily newspaper and fresh bread
5. They’re open for longer hours thus making it convenient for customers to buy goods at odd hours
6. They usually located close to the homes of his customers making it very convenient for them to call whenever they run out of supplies
7. They provide credit facilities to regular customers
8. The goods sold at lower prices as the overhead expenses are nil or minimal when compared to large retailer