"Whether the scale of production is Small, Medium or large, the size of the business depends on various factors like Availability of finances, managerial ability and efficiency expectancy."It's never easy to decide the size of the business unit, One needs to see the connection of the extent of a specific business with proficiency and additionally see whether that specific size fits well in that specific social structure or not. All these questions must be keep in mind before deciding the size of business unit.
Small business are the major suppliers in the market as compare to large business the pie chart mentioned below shows that Small business contribute to 44.1% of the total market share whereas large only 9.9%.
Advantages and Disadvantages of small business:
Main Objectives of Small Scale Business:
- To create more employment opportunities with less investment.
- To remove economic backwardness of rural and less developed regions of the economy.
- To ensure equitable distribution of income and wealth.
- To improve standard of living
- To mobilize and ensure optimum utilisation of unexploited resources of the country.
In the next post I will be discussing the Ideas for small Businesses with small investment.
References:
http://yourbusiness.azcentral.com/10-important-business-objectives-3840.html
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