PROBLEMS ENCOUNTERED BY MANAGERS IN SETTING UP A SMALL SCALE HOSPITALITY BUSINESS
- Project Research
- 1-5 Chapters
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- Abstract : Available
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- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
EXCERPT FROM THE STUDY
According to the Indonesia Agency for Small and Medium Enterprises, small scale enterprises are defined as all enterprises, household or cottage, employing less than ten full-time workers and not using motive power or machinery, and medium-sized industries are those employing between ten and fifty workers and using motive power. In terms of quantitative definition, the Indian official version defines small scale industry as manufacturing businesses having an investment in plant and machinery of less than 750,000 Rupees. The term stressed employment, reflecting India's focus with capital shortage and unemployment.
A small scale business is a business that is not large, in terms of its size, scope of operation, financial involvement and the workforce involved. Most small scale enterprises are owned by one entrepreneur. Sometimes a small scale businesses is said to be a firm that is independently owned and operated and which is not dominant in its field of operation. In general, we should recognize that a small scale business must have few employees, limited capital investment and small scale operation.
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