GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small and medium enterprises are
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Market leader
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Labour intensive
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Capital intensive
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Industry price determiner
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Explanation:
Detailed explanation-1: -Three factors that determined the performance of SMEs are marketing and entrepreneurship skills, working environment and materials and infrastructure availability.
Detailed explanation-2: -Small and Medium Enterprises (SMEs) are defined as non-subsidiary, independent firms which employ less than a given number of employees. This number varies between countries, with the most frequent upper limit being 250 employees, as in the European Union.
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