Question

Small and medium sized enterprises in india

Answer 1

Small and medium scale enterprises (SMEs) are understood in India as enterprises where the investment in plant and machinery or equipments is between Rs. 25 lakhs (͌ US $ 0.04 million) to Rs. 10 crores ( ͌ US$1.6 million) in case of a manufacturing industry and between Rs. 10 lakh ( ͌ US $ 0.02 million) to Rs. 5 Crore .

Answer 2

Explanation:

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 commitment

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