A business is an organization or enterprising entity engaged in commercial, industrial or professional activities. Some businesses are subject to ongoing special regulation, for example, public utilities , investment securities, banking, insurance, broadcasting , aviation , and health care providers. Then came the disastrous sale to Cerberus which Mercedes sold ownership but had control over the products offered by Chrysler and finally the government bailout and sale to Fiat.
For example, manufacturing suffered a significant decline in 2009 regardless of the size of the firm, but large business manufacturing declined by 6.4{038fb2ef5c1b7aeaab104e24389b2fd3cf34e6bad75a3e48d47ab0d8cb499c83} while small business manufacturing declined by 15.5{038fb2ef5c1b7aeaab104e24389b2fd3cf34e6bad75a3e48d47ab0d8cb499c83}. As manufacturing rebounded in 2010, large businesses grew by 6.9{038fb2ef5c1b7aeaab104e24389b2fd3cf34e6bad75a3e48d47ab0d8cb499c83} while small businesses grew by 4{038fb2ef5c1b7aeaab104e24389b2fd3cf34e6bad75a3e48d47ab0d8cb499c83}. Similarly, in wholesale and retail trade, small businesses declined at nearly three times the rate of large businesses in 2008-2009.
The typical owner or managers of small businesses develop their own approach to management, through …