Podcast
Questions and Answers
What is the main focus of the course on Small and Medium Scale Enterprises (SMEs)?
What is the main focus of the course on Small and Medium Scale Enterprises (SMEs)?
- Discussing political economy
- Analyzing agricultural sector
- Understanding the global business environment (correct)
- Exploring large corporations
Why are Small and Medium Scale Enterprises (SMEs) important to business students?
Why are Small and Medium Scale Enterprises (SMEs) important to business students?
- They provide entertainment value
- They have no impact on the economy
- They contribute significantly to economic development (correct)
- They focus on theoretical concepts only
What role do SMEs play in developing economies?
What role do SMEs play in developing economies?
- Negatively impact the GDP
- Contribute to economic development (correct)
- No significant role
- Hinder growth of key sectors
In which types of countries do SMEs contribute significantly to economic development?
In which types of countries do SMEs contribute significantly to economic development?
What is the significance of SMEs according to empirical statistics?
What is the significance of SMEs according to empirical statistics?
What percentage of the total revenue in the UK did SMEs contribute to in 2016?
What percentage of the total revenue in the UK did SMEs contribute to in 2016?
Which country had SMEs contribute 80% to employment generation?
Which country had SMEs contribute 80% to employment generation?
What was the total value of exports by US SMEs in 2007?
What was the total value of exports by US SMEs in 2007?
In which country were SMEs recorded to have contributed approximately 70% to total employments generated in 2016?
In which country were SMEs recorded to have contributed approximately 70% to total employments generated in 2016?
What is one of the major contributions of SMEs mentioned in the text?
What is one of the major contributions of SMEs mentioned in the text?
What is the approximate percentage of GDP that SMEs contribute to in Ghana?
What is the approximate percentage of GDP that SMEs contribute to in Ghana?
How many formal Micro-Enterprises are estimated to be part of the approximately 365-445 Million MSMEs in emerging economies?
How many formal Micro-Enterprises are estimated to be part of the approximately 365-445 Million MSMEs in emerging economies?
What aspect is used by most international organisations to define or identify an SME?
What aspect is used by most international organisations to define or identify an SME?
Why is there no universally acceptable definition for MSMEs according to OECD?
Why is there no universally acceptable definition for MSMEs according to OECD?
Which organisations cited in the text are involved in using categorisations to define or identify an SME?
Which organisations cited in the text are involved in using categorisations to define or identify an SME?
What is the estimated number of total MSMEs in emerging economies?
What is the estimated number of total MSMEs in emerging economies?
What does the text indicate about the formal SMEs among the estimated MSMEs in emerging economies?
What does the text indicate about the formal SMEs among the estimated MSMEs in emerging economies?
