ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
SME number of employees for medium enterprise
A
150
B
250
C
300
D
None of the above
Explanation: 

Detailed explanation-1: -Microentreprises: 1 to 9 employees. Small enterprises: 10 to 49 employees. Medium-sized enterprises: 50 to 249 employees. Large enterprises: 250 employees or more.

Detailed explanation-2: -SMEs make up the majority of the businesses operating around the world. Generally, they are independent firms with less than 50 employees. However, the maximum number of employees is different from one country to the next. For most companies, the upper range sits around 250.

Detailed explanation-3: -The attribute used most often is number of employees; small businesses are usually defined as organizations with fewer than 100 employees; midsize enterprises are those organizations with 100 to 999 employees.

Detailed explanation-4: -The limit of small unit was increased to Rs. 10 Crore of investment and Rs 50 Crore of turnover. Similarly, the limit of medium unit was increased to Rs. 20 Crore of investment and Rs. 100 Crore of turnover.

Detailed explanation-5: -Click here to sign in. While SMEs hold countless different responsibilities in the world in general, in our training world SMEs play specific roles that merit our attention and focus. For our purposes, we divide them into five categories: technical, hybrid, instructional, functional, and sentinel SMEs.

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