This article throws light upon the fourteen main reasons for the survival of small firms. 1. Intense desire of individuals to be their own masters is a significant factor underlining the survival of small firms. The independent small entrepreneur works hard, solicits cooperation of his small labour force, builds up contacts in trade and gets rewards directly related to his [...]
After reading this article you will learn about the economies and disadvantages of large firm. Economies of Large-Scale Operations: Different economies available to a large firm may be summed up as under: Technical Economies: 1. Large firms can install new machines, automatic appliance and adopt other means of superior technology because it is economical to do so if they are [...]
After reading this article you will learn about:- 1. Meaning and Concept of Working Capital 2. Classification of Working Capital 3. Factors 4. Sources 5. Uses. Meaning and Concept of Working Capital: Working Capital refers to a firm's investment in short term assets-cash, short term securities, accounts receivable and inventories. Net Working Capital is defined as current assets minus current [...]