Question

Definition of small business and characteristics of small business?????


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Answer 1

Explanation:

a business which amount of capital is less and run in small boundaries . Like locality

Characteristics of small business. are

• small investment. is done
• small in size
• less people are required to do the business
• less profit

Answer 2

Definition of small scale business :::

Small scale business and industry are those which starts their production with an investment of medium level. Amongst these Industries there is lack of labour force and hence they produce relatively less goods and services.

CHARACTERISTICS OF SMALL BUSINESS ::::

1. Small business Enterprises require less amount of capital investment.

2. In small Enterprises the honour himself is the manager and does the units operates on their personal level.

3. This Enterprises produces goods keeping in mind the demand of the local and regional market.

4. The government provides different discounts and rebate scheme to promote these Enterprises.

5. The owner of this Enterprises have unlimited liabilities.

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