explained and give each example those kind and size of Business?
B. Kind and size of business
1.Micro enterprise or Micro business >A microbusiness, refers to a small business that employs few people. A microenterprise usually operates with fewer than 10 people and is started with a small amount of capital advanced from a bank or other organization. Most microenterprise specialize in providing goods or services for their local areas 2.Small Enterprise or Small business >Small business is defined as a business that has a limited number of employees, typically fewer than 10 to49 people, and operates independently of larger corporations. Small businesses are typically privately owned and operated and have a single owner or a small group of owners.
3.Medium Enterprise or Medium Business >Medium enterprises are privately owned businesses whose capital, workforce, and assets fall below a certain level according to national guidelines. The manufacturing sector’s investment in plant & machinery should be more than 5 crore rupees and less than 10 crore rupees.
B. Kind and size of business
1.Micro enterprise or Micro business >A microbusiness, refers to a small business that employs few people. A microenterprise usually operates with fewer than 10 people and is started with a small amount of capital advanced from a bank or other organization. Most microenterprise specialize in providing goods or services for their local areas 2.Small Enterprise or Small business >Small business is defined as a business that has a limited number of employees, typically fewer than 10 to49 people, and operates independently of larger corporations. Small businesses are typically privately owned and operated and have a single owner or a small group of owners.
3.Medium Enterprise or Medium Business >Medium enterprises are privately owned businesses whose capital, workforce, and assets fall below a certain level according to national guidelines. The manufacturing sector’s investment in plant & machinery should be more than 5 crore rupees and less than 10 crore rupees.
Answers & Comments
Answer:
Micro Enterprise or Micro Business: A microenterprise is a small business that typically employs a few people and is operated with limited capital. Microenterprises are often started by individuals or small groups of people who have a specific skill or expertise, such as artisans, tailors, or bakers. Examples of microenterprises include small grocery stores, mobile food trucks, beauty salons, and freelance writers or designers.
Small Enterprise or Small Business: A small business is a company that typically has fewer than 50 employees and operates independently of larger corporations. Small businesses can be found in a variety of industries, including retail, hospitality, food service, and professional services. Examples of small businesses include local bookstores, coffee shops, family-owned restaurants, and accounting firms.
Medium Enterprise or Medium Business: A medium-sized business is a privately-owned company that falls between a small and large business in terms of capital, workforce, and assets. Medium-sized businesses typically have between 50 and 250 employees and generate revenues in the millions of dollars. Examples of medium-sized businesses include manufacturing companies, construction firms, and software development companies.
Explanation:
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