11th Class Business Studies Small Business Question Bank Small Business (Short)

  • question_answer
    Small business is business at small scale. Do you agree? Explain.


    Ans.     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.

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