Question

Discuss the various distinguish feature of a small business
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Answer 1

Answer:

Ownership: They have a single owner. So it is also known as a sole proprietorship. Management: All the management works are controlled by the owner. ... Flexibility: Because they are small, they are open and flexible to sudden changes, unlike large industries.

Answer 2

Characteristics of Small Scale Industries

So it is also known as a sole proprietorship. Management: All the management works are controlled by the owner. Limited Reach: They have restricted area of operation. ... Flexibility: Because they are small, they are open and flexible to sudden changes, unlike large industries.

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