Business Management Question And Answers Chapter 2

1. How can a small business be constrict? A small business can be delimitate as having less than 20 employees. 2. What is considered littlebusiness? Microbusiness is considered having fewer than 5 employees. 3. snub three ways in which small business helps the Australian rescue. Three ways in which small business helps the Australian economy atomic number 18: Important source of jobs. Nurturing, promoting and developing entrepreneurs. weeny business can provide functional support to greathearted organisations which use outsourcing. 4. What is the discrimination mingled with the privy and the habitual sphere of influence. The contravention between the private and the public sector the private sector is the part of the economy operated by private individuals or in private owned companies, eyepatch the public sector is the part of the economy that can be bought by anyone. 5. Explain the two master(prenominal) types of healthy structures. What are the differences between them? The two main types of legal structures are incorporated and unincorporated. The difference between these is that organisations that are in corporate are formally registered as a company, and those that are incorporate can be set up as a private company, or trust cooperative. Textbook activities: 2.1: search and chips shop, local bakery, antique shop, cocoa shop, barber. 1.

Advantages: less paperwork, easier to run, disadvantages: could be pathetic on customers, not as much profit, no subscribe up business when pathetic on money. 2. Internet advertise/selling, websites, customer support. 2.2 1. He crea ted this so people knew that the items do ! in that location were not made with cheap labor. 2 I turn int think that it is possible for it to be called a micro business now but when it was founded, it was created by only 1 someone and eventually they helped fund the creation of more than ccc micro businesses in Pakistan. 3. Australia, new Zealand, Pakistan, Argentina, pacific region. 4. A micro...If you inadequacy to name a full essay, order it on our website: OrderEssay.net

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