Importance of Small-Medium Enterprises in Australia

Business Studies Extended Response Question Executive Summary This crinkle spread abroad was created in order to outline the characteristics of puny businesses, and also to exempt the importance of these small businesses to the Australian economy. This report aims to achieve its purport 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 on that point is no universally accepted definition of a small business, small businesses are generally identified through prolongation to quantitative beats, and qualitative descriptions. Quantitative A quantitative measurement is adept which exists in a range of magnitudes it can therefore be measured. Examples of quantitative measurements utilise to describe the characteristics of small businesses include: -The material body of staff a business employs. The most common measurement used to determine the size of a business locomote under the quantitative measurement of: the number of employees a business utilizes. A business is considered small if it is a manu itemuring enterprise with less than 100 employees, while non-manufacturing enterprises are considered small if they have less than 20 employees.

Luken and May, for example, is classified as small due to the fact that, as a non-manufacturing business, it has fewer than 20 employees. -The estimated number of businesses operating(a) (in Australia, this figure rose to over 1.3 million small businesses in January 2005) -Approximate share of Australian businesses compared to culture medium sized and long businesses. Approximately 95% of all Australian businesses are classified as small, with the other 5% being either medium or large businesses. Qualitative A qualitative description is used in order to describe certain types of information. Qualitative entropy is described in terms of quality. Examples of qualitative descriptions... If you want to evolve a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.