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One example might be a lady in a small village in say India who sets up a dress making business with just a sewing machine and small amount of stock. When the orders flow in, she may need to employ others to help make the dresses as employees or more likely as self employed contractors. If the business grows to the size where it needs a manufacturing unit/factory, it would have moved from as micro scale business/industry to a small to medium sized business enterprise.
There are some excellent micro lending initiatives out there now to encourage and support such small ventures as they seek to get started. The value to local communities can be great in terms of providing work and an income in deprived areas.
What else can I help you with?
When was Creative Micro Designs created?
Creative Micro Designs was created in 1987.
How do you use micro habitat in a sentence?
Example 1:Any dead animal is a micro-habitat as it gets infested with organisms living on the decaying flesh.Example 2:You can find many micro-habitats in forests where animals die and decay naturally.
What eats a micro-organism?
Micro-organisms are commonly consumed by other micro-organisms, such as bacteria and protists, as well as by larger organisms like fungi, small invertebrates, and some aquatic animals. These organisms play an important role in regulating micro-organism populations in various ecosystems.
What are the challenges in the micro environment?
Challenges in the micro environment include intense competition, changing consumer preferences, supplier issues, regulatory constraints, and the need to manage relationships with customers effectively. These factors can impact the business's ability to operate efficiently and maintain profitability.
What are examples of micro businesses?
example of micro business
What are the micro and macro environmental factors influencing tourism industry?
macro and micro factor on industry
What does industry on a national scale mean?
there is macro and micro; in your area only, = micro things available most everywhere, across the country, macro
What industry does Intel compete in?
if i m not wrong its either micro processor or microchip
What are the uses of micro-organisms in the food industry?
Micro-organisms are used in the food industry for fermentation processes to create products like bread, cheese, yogurt, and beer. They are also used in food preservation through processes like pickling and curing. Additionally, some micro-organisms are used to produce enzymes and additives that enhance the flavor and texture of food products.
What is the Philippine government agency that helps entrepreneurs?
The Department of Trade and Industry helps entrepreneurs of micro, small and medium enterprises.
What are the Micro and macro factors in entrepreneurship?
Micro entrepreneurship involves a very small business and close personal involvement on the part of the entrepreneur. Macro entrepreneurship involves larger businesses that seek to make an impact in the industry.
How did technology impact industry?
beacuse telivisons were not invented and the chicken crossed the road :)
What is the Role of mathematical tools in economic analysis on both micro economic and macro economic?
Microecomics refer to the study of individual business unit that make up an industry where as macroeconomics is the study of the entire industry in an economy.
What companies produce micro SD 2GB memory cards?
There are many companies that manufacture micro SD 2GB memory cards. These include the Hengouya Trading Company, the Shenzhen Minhua Technology Company and the East Sky Industry Company Ltd.
What are micro political risk events?
Depends on industry, size, composition of ownership, level of technology, degree of vertical integration with other group companies.
What is the prefix meaning for small?
micro, i.e. micro-scopic, micro-organism, micro-dot, etc.
What is micro-computer?
micro computers are computers that are designed to be used by only one person. they are also called PCs - Personal Computers. there are 6 main types of micro computers- laptop/ notebook, PDA, palmtop now replaced by tablet, desktop, workstation and PC.
