Business Studies, asked by Shal264818, 9 months ago

What are the characteristics and scope of small business ?​

Answers

Answered by masingh111
1

Answer:

Small businesses are independently owned organisations that require less capital and less workforce and less or no machinery. These businesses are ideally suited to operate on a small scale to serve a local community and to provide profits to the company owners.

Explanation:

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Answered by liya200415
2

Explanation:

lower revenue and profitability

smaller teams of employees

limited area of fewer location

small market areas

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