Problem 1

What are the characteristics of small business? Describe the various forms of organisation under which small business operate.

• Characteristics
• List the various forms (sole proprietorship, general partnership, limited liability partnership, registered company, co-operative)
• Explain each form

Problem 2

Describe Porter's Five forces model

• Meaning of five forces model
• Use of five forces model
• List the five forces
• Explain the five forces

Problem 3

What are the sources of working capital? Write a brief note on micro finance that supports micro and small enterprises.

• Meaning of working capital
• List the sources of working capital
• Explain the sources
• Explanation of micro finance