Question

Definition of micro small and medium enterprises in india

Answer 1

Micro, small and medium enterprises (MSMEs) will soon be defined based on their annual turnover if a new Bill introduced in the Lok Sabha on Monday is cleared. At present, it is decided based on the investment made in plant and machinery/equipment.

Answer 2

A positive aspect of increased globalization for a small business is they can often have a greater impact with their product or 'message'. A paving stone to globalization is the efficient connectivity of businesses and consumers worldwide by communications (internet) and shipping routes (cargo flights).

• ·Long-term thinking, perspectives
• ·Stability
• ·No pressure for short-term success
• ·High identification with the business, stable culture
• ·High commitmen

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