Size Of Business Flashcards
1
Q
How to calculate size of business?
A
No. If employees, market shares, revenue received, capital employed
2
Q
What is smoll business aim
A
Improve living standards
3
Q
Importance of small business
A
-They emply many more people than all the large businesses
-most gpd is produced by small businesses
-tax revenue from small business
-the ppl they employ is huge which can be spent on the public sector
4
Q
How cna gorvernment help small businesses
A
-give government grants
-lower tax rates
-help employ and train employees
5
Q
Private sector aim
A
Profit
6
Q
Public sector aim
A
Provide essential services
