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- Some of the characteristics of a small business are12:
- Lower revenue and profitability than larger businesses
- Smaller teams of employees, often managed by the owner or a partner
- Limited investment and capital supplied by an individual or a small group of individuals
- Labour-intensive and unorganised labour
- Small market area and fewer locations
- Sole or partnership ownership and taxes
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.List and Explain the Characteristics of a Small Scale Business
- Lower Revenue and Profitability Small-scale business revenue is generally lower than companies that operate on a larger scale. ...
smallbusiness.chron.com/list-explain-characteristic…Characteristics of Small Business Enterprises:
- (i) Limited Investment: In a small business enterprise, capital is supplied by an individual or a small group of individuals. ...
- (ii) Personal Character/Owner-Management: ADVERTISEMENTS: ...
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