Operating cost of small business is high. (State with reason whether the given statement is true or false)
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the statement is false because there is less investment of capital income and small businesses can also work on two to three workers so ...
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Answer:
False.
Explanation:
Operating cost of small business is high.
The given statement is false as small business requires less capital(Fixed and variable)So,small business requires low operating cost.
Capital =Fixed capital + Variable capital.
Fixed capital in small business is buying a land ,machinery for business etc.
is quite low.
Variable capital is salary of staff like Engineers, technician etc. are low for small business.
So,Operating cost of small business is low.
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