BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Personalised service
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Independently operated
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Large share of total industry output
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Bulk of capital provided by owner
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Detailed explanation-1: -Features of MSMEs They help them by giving employment and by providing loans and other services. MSMEs provide credit limit or funding support to banks. They promote the development of entrepreneurship as well as up-gradation of skills by launching specialized training centers for the same.
Detailed explanation-2: -SMEs incorporate all of the small and medium sized enterprises such as industrial, service, commercial and agricultural ones and are divided into Micro, Small and Medium enterprises based on factors such as employed number of human resources.
Detailed explanation-3: -In small and medium-sized enterprises (SMEs) employ fewer than 250 people. SMEs are further subdivided into micro enterprises (fewer than 10 employees), small enterprises (10 to 49 employees), medium-sized enterprises (50 to 249 employees). Large enterprises employ 250 or more people.
Detailed explanation-4: -Small and Mid-Size Enterprises (SMEs) Around the World In the U.S., the Small Business Administration (SBA) classifies small businesses according to its ownership structure, number of employees, earnings and industry.1 For example, in manufacturing, an SME is a firm with 500 or fewer employees.