Importance Of Small-Medium Enterprises In Australia
Business Studies – Extended Response Question
Executive Summary
This business report was created in order to outline the characteristics of small businesses, and also to explain the importance of these small businesses to the Australian economy. This report aims to achieve its purpose through the use of several Australian small businesses as examples. The businesses examined are: “Laservision Australia”, “Luken and May”, and “Peter Alexander”.
Characteristics of Small Businesses
Although there is no universally accepted definition of a small business, small businesses are generally identified through reference to quantitative measurements, and qualitative descriptions.
Quantitative
A quantitative measurement is one which exists in a range of magnitudes – it can therefore be measured. Examples of quantitative measurements used to describe the characteristics of small businesses include:
- The number of staff a business employs. The most common......
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Approximate Word Count: 1314
Approximate Pages: 6 (250 words per double-spaced page)
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