THE NEED TO USE A COMMON INDEX IN ASSESSING SMALL BUSINESS EFFICIENCY
Keywords:
small business, efficiency, general index, indicator, assessment, regional development, modern approaches.Abstract
This article examines the issues of assessing the effectiveness of small business entities. The study substantiates the limitations of traditional indicators used to determine the effectiveness of small businesses and highlights the need to use a general (integral) index approach to eliminate them. It is scientifically proven that assessment based on a general index allows for a multifactorial and comprehensive analysis of small business activities, as well as plays an important role in determining the level of regional economic development. The results of the study can serve as a methodological basis for developing practical recommendations for improving the effectiveness of small businesses.
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