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What are the different types of service providing enterprises?

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Solution

In the case of enterprises engaged in providing or rendering of services there are three types of enterprises:
Micro enterprise: Investment in equipment does not exceed ten lakh rupees.
Small enterprise: Investment in equipment is more than ten lakh rupees but does not exceed two crore rupees.
Medium enterprise: Investment in equipment is more than two crore rupees but does not exceed five crore rupees.

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Q. Vodafone Ltd. is a big company providing telecom services to lacs of people in our country. Another group which is providing similar services is 'MTNL* (Mahanagar Telecom Nigam Limited). They are also enjoying good position in providing telecom services to many people. MTNL is directly accountable to public and it is financed and controlled by government, whereas Vodafone is not under the direct control of government.
(a) The given case is referring to two enterprises working in different sectors. Name the sector in which these enterprises are working.
(b) MTNL is accountable to public, Vodafone, is accountable to whom?
(c) Give any three, points of difference between both the sectors.

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