Financing a Business
Describes a business that is unable to payback its debt.
What is Insolvency?
A business with 1-4 employees
How many employees does a Micro business have
Relates to a business’s ability to meet its debt obligations in the long term, while maintaining high value of its assets.
What is Solvency?
If a business has 1-19 members
How many members make up a small business.
Relates to a business’s ability to convert assets quickly to cash, which may then be used to cover expenses.
What is liquidity
A business with 19-200 employees
How many employees in a medium size business?
Name any product with low volume sales and high profit margin.
Luxury car, high end Furniture, upmarket restaurant.
A business with over 200 employees
How many employees does a large business have?
Name any Business with High volume sales and low profit margin.
Grocery stores, fast food restaurants
SME classification stands for?
Small to Medium Enterprise