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- A firm whose total assets, excluding land and buildings, do not exceed TT$500,000.
- The Central Statistical Office states that for a firm to be classified as small, it should have fewer than 10 employees.
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What are the three ways in measuring a business?
.By sales or revenue turnover,example a small firm might have a turn over of less than 6 million and a medium size firm might have less than 20 million. .By the number of employees ,example a small firm might have about 50 or less employees while a medium firm could have between 50 and 200 employees. .By the total capital employed in a the business,example a small firm could have less than 5 million on their balance sheet whilst a medium firm could have between 5 to 20 million on theirs.
Why it is easier for small firms to strategically innovate?
SMALL FIRM ENCOUNTERS CAN BE VERY ADVANTAGEOUS SUMTIMES, IF WE ENCOUNTERS SMALL FIRMS AND THEN MAKE IT INTO ONE BIG FIRM IT CAN BE REALLY BENEFICIAL, LIKE FIRM WILL HAVE ONE NAME, WE HAVE TO PROMOTE THAT , WE CAN WORK ON QUALITY STANDARDS AND OTHER THINGS, AND ALSO AS WE KNOW THAT WHEN EXPENSES ARE MADE IN MASS THEY PROVE TO BE BENEFICIAL AS COST REDUCES........SO ACCORDING TO ME ENCOUNTERING SMALL FIRMS CAN BE BENEFICIAL IF MOVES ARE MADE LITTLE CALCULATIVELY AND IT IS GOOD FOR BOTH FOR THE ONE ENCOUNTERING AND THE WHO IS BEING ENCOUNTERED...
Dominos fast food firm is a monopolistic firm or not?
it is not a monopoly firm
In perfect competition market When the firm do the profit arise?
it arise if minimum scale of a single producer is small relative to the demand for the good or service
What is the BCG analysis?
The Boston Consulting Group (BCG) analysis is a model approach used to assess product portfolios. It emphasizes two main criteria in evaluating a firm's product mix: the market growth rate and the product's relative market share.
Can the rational decision making model in a large firm be irrational in a small firm in a developing countries?
Yes, a large firm's resources would differ from those of a small firm in a developing country.
What criteria is used in the BCG analysis use?
The BCG analysis emphasizes two main criteria in evaluating the firm's product mix: the market growth rate and the product's relative market share. BCG uses these two criteria because they are closely related to profitability.
What is indirect exporting What possible benefits may it provide to the small firm?
Answering "What is indirect exporting What possible benefits may it provide to the small firm?"
Why do you want to work in small firm?
Small companies may ask the question, why do you want to work in a small firm. Citing your desire to work for a company where people are valued and known by all is an good answer.
There is a small firm lump under my skin at the base of my penis?
A small firm lump under your skin at the base of your penis could be a cyst, but this should be confirmed with a doctor.
Define a small business unit?
A small business unit is a segment of a firm with a specific business function.
What are the basic supplies needed for a janitor job at a small accounting firm?
If you are working in a small accounting firm as a janitor, there are definately some essentials you will need. A portable mop, broom, cleaning agents, rags and a small tool kit will be definate needs for the job.
What general criteria does an organized exchange examine to determine whether a firm's securities can listed on exchange?
The general criteria for a firm's securities can be listed on the exchange are having a minimum stockholder's equity, a minimum share price and a minimum number of shareholders
What are the stages in the international involvement of a firm?
importer and exporter(domestic company ) international firm multinational firm from multinational firm to global business
Can you do volunteer work at a law firm?
It completely depends upon the law firm. For volunteer work it doesn't matter if the firm is big or small, it depends upon how much time you dedicate for a social cause.
What are the three ways in measuring a business?
.By sales or revenue turnover,example a small firm might have a turn over of less than 6 million and a medium size firm might have less than 20 million. .By the number of employees ,example a small firm might have about 50 or less employees while a medium firm could have between 50 and 200 employees. .By the total capital employed in a the business,example a small firm could have less than 5 million on their balance sheet whilst a medium firm could have between 5 to 20 million on theirs.
Why is it always difficult for small law firm to win case against large law firm?
The reason why it is usually difficult for a small law firm to win a case against a large law firm is because The large law firm has either more money to buy a more experienced lawyer or is the more powerful and more experienced one of the two law firms or sometimes both of these circumstances occur. I hope this helped.
