btaliat
VIP Contributor
Small scale business are businesses that do not require huge capital to start. And most of the time, these businesses are handled by the owners alone without the help of labour or workers.
In our society now, these businesses are very common and even many compare to large businesses. Examples of small scale business may include the Point of Sale business, selling of local food in a joint, having shops where they sell snacks for students. The capital requirement of these bsuinesses should not be more than 30000$ depending on the country.
Medium scale businesses are a little more bigger than the small scale. At times, it requires the help of less than ten workers to help the owner in managing the bsuinesses. Examples of these type of business may include setting up a creche, opening of pharmacy amongthe others.
The last on the list is the large scale business, they are not that many in the society. This is because the set up capital is always range at millions and the management of the workforce are always tedious and require some special managerial skills. Manufacturing companies fall into this category.
Which of these business size is common in your country and which of them drives the economy the most.?
In our society now, these businesses are very common and even many compare to large businesses. Examples of small scale business may include the Point of Sale business, selling of local food in a joint, having shops where they sell snacks for students. The capital requirement of these bsuinesses should not be more than 30000$ depending on the country.
Medium scale businesses are a little more bigger than the small scale. At times, it requires the help of less than ten workers to help the owner in managing the bsuinesses. Examples of these type of business may include setting up a creche, opening of pharmacy amongthe others.
The last on the list is the large scale business, they are not that many in the society. This is because the set up capital is always range at millions and the management of the workforce are always tedious and require some special managerial skills. Manufacturing companies fall into this category.
Which of these business size is common in your country and which of them drives the economy the most.?