2 Most VSAQ’s of Micro, Small and Medium Enterprises Chapter in Inter 1st Year Commerce (TS/AP)

2 Marks

VSAQ-1 : Micro Enterprise. (OR) Define Micro Enterprises.

Micro enterprises, small businesses, limited scale, minimal capital investment, small number of employees, local or niche markets, independently owned and operated, job creation, income generation, local economic development, entrepreneurship, diversity, business landscape.

VSAQ-2 : What is service enterprise? (OR) Define Service Enterprises.

Service enterprises, also known as service businesses, are organizations primarily focused on providing intangible services rather than tangible goods. They encompass a wide range of industries, such as professional services, hospitality, education, entertainment, tourism, and information technology. Service enterprises contribute significantly to employment and economic growth by delivering expertise, skills, knowledge, or experiences to customers. Their success relies on factors like customer satisfaction and adaptability to changing market dynamics.