BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Select the correct multiple reasons behind growth in SME business.
|
|
High contribution to domestic production
|
|
|
Low investment requirements
|
|
|
Low export earnings
|
|
|
High intensive imports
|
Explanation:
Detailed explanation-1: -We have divided the factors affecting the SME sector into two types-external and internal factors. External factors are related to the business environment, such as regulations, the education system, and culture, and internal factors are related to the readiness and capabilities of business owners.
Detailed explanation-2: -The article confirmed that SMEs grow in five stages, and that every stage of business development has its own set of unique characteristics, including challenges and milestones. These growth stages included: 1) Existence, 2) Survival, 3) Success, 4) Take-off, and 5) Maturity.
There is 1 question to complete.