Topic 3 – SMALL BUSINESS MANAGEMENT
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Lower transactions costs
Transactions costs form a major part of setting up shop for small and medium sized businesses. It is usually the case that bigger corporations are able to take on the transactions costs of setting up their businesses whether through their own financial resources or access to outside financial capital. Having fewer steps in the process of setting up a business along with less bureaucracy and red tape can help small and medium sized businesses manage their financial resources and credit.
