THE ECONOMIC CRISIS AND ITS CONSEQUENCES FOR SMOLL COMPANIES

Authors

Abstract

With the economic crisis, small business characterized by a high degree of risk. Much depends on the initiative and capabilities of the company manager. Also characterized by financial and commercial instability, low level of financial reserves, limited assets, relatively small volume of economic activity, small number of employees and limited management, attracted a significant amount of resources and other factors that determine its economic instability.
The article analyzes the rules and principles of financial management of small businesses in crisis. Characterized the main directions of solving problems. The author describes the main phenomena that accompany economic crisis, its impact on the financial condition and management of a small business. Also formulated general principles of financial solutions for small businesses during the economic crisis.
Keywords: enterprise management, economic crisis, financial management, cost-effectiveness, sources of financing,
liquidity.

Published

2016-03-31

How to Cite

(2016). THE ECONOMIC CRISIS AND ITS CONSEQUENCES FOR SMOLL COMPANIES. Municipal Economy of Cities, (122), 50–52. Retrieved from https://khg.kname.edu.ua/index.php/khg/article/view/4687

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