Small business is business at small scale. Do you agree? Explain. – InterviewSolution

InterviewSolution

1.	Small business is business at small scale. Do you agree? Explain.
Answer» Yes, I agree. Scale of operations can be measured in terms of workers employed, capital invested or total output. Indian Government considers the criterion of capital invested in plant and machinery. Accordingly a business in which investment in plant and machinery is less than 1 core comes under small scale business.

Discussion

No Comment Found

Related InterviewSolutions

We need to give special attention for the growth of rural, backward and hilly areas. Why?
Name the institutions and banks set up to promote small-scale industries in rural, backward and hilly areas. Explain their objectives.
Name any two institutions specially set up to promote small-scale enterprises.
What are the incentives provided by the government for industries in backward and hilly areas?
What measures has the government taken to solve tin- problem of finance and marketing in the small scale sector?
Networking by innovative entrepreneurs may be most encouraged by? A) Science parks B) Business incubators C) Chambers of Commerce D) Business associations
External links may provide incentives to: A) Raise finance B) Introduce new working practices C) Introduce improvements to products D) Attend business exhibitions
Innovative entrepreneurs face special issues in raising: A) Development capital B) Structured capital C) Human capital D) Seed capital
State the objectives of small business in rural India.
Describe the role of small business in rural India?