Types of Businesses by Size

Asset values are affected by inflation, causing previously small businesses to be reclassified.

Manufacturing or assembly businesses, such as bakeries or assembly shops.

A business that provides services directly to individuals, such as haircutting or tailoring.

<p>Independent management, small capital requirement, and mostly local operation.</p> Signup and view all the answers

<p>They provide economic opportunities for entrepreneurs.</p> Signup and view all the answers

<p>Contracting businesses, which may perform subcontracting jobs for larger contractors.</p> Signup and view all the answers

<p>Engaging in small business operation</p> Signup and view all the answers

<p>Suppliers of products and services to other businesses</p> Signup and view all the answers

<p>They pay taxes and perform other functions</p> Signup and view all the answers

<p>Improving one's economic lot</p> Signup and view all the answers

<p>Distributors of products and services of other businesses</p> Signup and view all the answers

<p>A large proportion</p> Signup and view all the answers

<p>manufacturing, service, wholesaling, retailing, and general construction firms</p> Signup and view all the answers

<p>provide economic opportunities for entrepreneurs, products and services to consumers and industrial users, services to other firms, payment of taxes to the government, and employment</p> Signup and view all the answers

<p>independent management, small capital requirements, and mostly local operation</p> Signup and view all the answers

<p>they are important segments of our society</p> Signup and view all the answers

<p>one which is independently owned and which is not dominant in its field of operation</p> Signup and view all the answers

<p>Opportunity to gain control over his own destiny, Opportunity to reach his full potential, Opportunity to reap unlimited profits, and Opportunity to make a contribution to society and receive recognition for his efforts.</p> Signup and view all the answers

<p>Products and services to consumers, Provider of Funds to the government in the form of taxes, Employment to the labor force, and Supplier of Products and services to others.</p> Signup and view all the answers

<p>Absorbing damages that happen as a result of his faulty decision making.</p> Signup and view all the answers

<p>Uncertainty of income and Risk of losing entire capital investments.</p> Signup and view all the answers

<p>Lower quality of life until the business gets established.</p> Signup and view all the answers

<p>Paper works and other chores.</p> Signup and view all the answers