Importance Of SMEs Flashcards
1
Q
Pros
A
.Innovation
.Competition
.Creates jobs
.Pay tax on profits (employees pay tax on wages.
2
Q
Cons
A
Small scales fail in recession
Trends r risky
.Less recognisable
.Not able to by bigger bulk forr small price-no savings
3
Q
Stake holder
A
Interested ,associates with business.
4
Q
Internal stake holder
A
Direct relationship
Employee’s, investing,owners
5
Q
External stake holders
A
Not direct
Customers,applicants,creditors,gov
