answersLogoWhite

0


Best Answer

When a business starts out small and grows steadily by setting aside money for needed equipment, buildings, and additional employees, it eventually grows too large to be called a small business, but hasn't yet grown enough to be called a large business. This type of business is called a medium scale business or industry.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Medium scale industry definition
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Few examples of medium scale industry?

Examples of medium scale industry includes different factors. It is the number of employees and the amounts of revenues that the company has. Medium scale industry could be franchises or factories.


Definition of medium scale industry in India?

the invesment is less they employ less workers and goods produced are also smaller


How many types of industries are there?

There are three types of industry. They are cottage and small-scale industry medium and large-scale industry tourist industry


Definition of large scale industry?

Large scale industries which are capital intensive .........................................


Classification of industry on the basis of size?

Classification of industries on the basis of size........... On the basis of size 3 types of industries are there:- 1.Small scale industry 2.Medium scale industry 3.Large scale industry -mohit malviya VIII-'D' SICA.S.S.SCHOOL


How much money should be invested in a medium scale industry?

Depends entirely on the industry, its growth and market potential.


What is medium scale industry?

A Medium scale business usually is the result of a small business that has had slow and steady growth. The United States Small Business Administration considers any business that has surpassed the limit off 500 employees to be "large". The U.S. SBA designates small and medium scale business as SME's, or small and medium sized enterprises. The basis to determine whether a U.S. company is an SME or not is the amount of revenue the company earns yearly


Difference between large scale industries medium scale industries and small scale industries?

The difference between large scale industries, medium scale industries and small scale industries is found in three areas. It depends on the number of employees each industry employs, the amount of capital that was invested and the availability of the company's assets.


What is the definition of small scale industry?

The industries which are organizedOn a small scale and produce goods with the help of small Machines hired labour and power as small scale industries


Small and medium scale enterprise?

define medium scale enterprise


What are the categories of entrepreneurship?

microenterprise,large scale,medium scale,cottage microenterprise,large scale,medium scale,cottage


Define medium scale business?

A medium-scale business/industry has an asset of P5 million or more. It is owned and operated by a single person, two business partners, or a corporation. It hires a specialized staff to run the business. Examples of this are garment factory and supermarket.