Growth of firms

• A

• B

• C

• D

• A

• B

• C

• D

• A

• B

• C

• D

• A

• B

• C

• D

•Why are many hairdressers able to operate as small businesses?

•A high level of competition

•B high scope for economies of scale

•C long period of training required

•D low start-up and running costs

• A

• B

• C

• D