Abhimanyu is running a small catering business in Delhi wherein the food is prepared purely
as per customized specifications. He had started this business primarily because he perceived
an opportunity for entrepreneurship in it due to changing life styles of people. As the size of
organisation is small quick and timely decision can be taken without consulting many people,
unlike a large sized organisation. In context of the above case explain the role of small business
and problems faced by this business.
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The Government of India defines small industries on the basis of their investment in plant and machinery. Industries where the amount invested in the fixed assets (particularly plant and machinery) is less than Rs. 1 crore are regarded as small-scale industries
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