self-designed structure. Size: Larger business size often equates to a more elaborate or complex organizational structure. As your business expands‚ additional layers of management‚ business units and a formal chain of command are generally needed. While a small business may function on an informal structure with limited management oversight‚ a large business generally needs managerial control to help assign tasks‚ ensure quality and maintain a focus on business goals. A company can start out by using one
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of food to break down into smaller molecules. Then‚ the body absorbs the smaller molecules through the walls of the small intestine into the bloodstream The bloodstream then delivers the small molecules to the rest of the body. After this‚ the food continues into the large intestine‚ and out your body. What happens during the chemical digestion in the mouth‚ stomach‚ and small intestine? The process of digestion begins in the mouth when the food is chewed‚ being broken down into simpler nutrients
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competitive conditions favor: a. large companies with their hierarchies and layers of management. b. companies in industries that were once regulated by government but have recently been deregulated. c. small companies that can quickly move into and out of niche markets as they emerge and recede. d. Both A and B are correct. c.‚ Medium‚ Page 2 3. Which of the following is NOT a characteristic
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EMPLOYEES BENEFITS IN SMALL BUSINESS’S:- Employee benefits are a normal part of doing business‚ but for a small business the cost can have a greater impact on profit‚ cash flow and decisions about investment‚ expansion and hiring. A small business’s expenses could include hiring staff to manage its benefits program or paying outside benefit plan managers. Managing the benefit plan adds to legal and financial accounting services. Providing leave benefits can adversely affect a small business‚ requiring
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References: 5. C.M. siew‚ Corporate Turnaround: A rewiew and case study‚ National University of Singapore‚ Singapore‚ 1990. 12. Kelmar. J.H‚ 1994‚ ‘Measurement of success and failure in small business: A two factor Approach’‚ Journal of enterprising culture‚ vol 1‚ no. 3‚ p. 421-436.
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Q1)Arthur Anderson enterprise group /National small business united ‚Washington conducted a national survey of small business owners to determine the challenges for growth for their businesses. The top challenge selected by 46% of the small business owners was the economy. A close second was finding qualified workers (37%) .Suppose 15% of the small business owners selected both economy and finding qualified workers as challenges for growth .A small business owner is randomly selected. a)what
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strategy that Staples should implement is to joint venture with a number of small businesses. Staples already sells existing small business products such as office supplies‚ cleaning supplies‚ and breakroom supplies. Staples also has a small business network‚ where users can receive practical advice from industry experts and peers who share their stories‚ their successes‚ and their obstacles. However‚ a physical merger with small business entities would be a strategic approach that would prove beneficial
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companies tend to focus more on big clients‚ which not necessarily have the same needs as private customers. Flexibility. Small companies are more likely to adapt to the policies asked from them. Disadvantages: Low Budget. Small companies most time operate with low budgets‚ meaning that Microsoft must absorb marketing cost. High turnover. Small companies tend to have a small structure‚ then job opportunities are few‚ which force employees to change job. Poor customer service. Distributors mostly
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Cited: Longley‚ Robert. “Top Ten Reasons to Love U.S Small Business.” U.S. Small Business Administration About.com. 2010. 3 March 2012. <http://usgovinfo.about.com/cs/businessfinance/a/sbatopten.htm>.
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economy because it contributes to higher unemployment‚ it promotes corporation complacency‚ and it hurts small businesses. Outsourcing jobs is a major epidemic facing the American people today‚ because it is leading to higher and higher unemployment. Many critics argue that outsourcing benefits the American majority because it makes the products purchased at
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