BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Small scale enterprises are those industries where business is done on a small scale. As per the latest update the definition of a small scale enterprise is where the business has an annual turnover not exceeding 50 crores, while the investment on plant and machinery is not exceeding 10 crores.

Detailed explanation-2: -Small scale industries generally have a single ownership, which means it either has a sole proprietorship structure or a partnership. The management of the small scale industries rests with the owners and therefore, the owner plays an active role in the day to day functions of the business.

Detailed explanation-3: -It defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1, 500 employees). For example, according to the SBA definition, a roofing contractor is defined as a small business if it has annual revenues of $16.5 million or less.