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This glossary includes terms and abbreviations likely to be found on this site and in associated educational and training publications. Where a term has a broader general meaning, the definition given here refers to its use in the vocational education and training context.

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Small businessA business conducted on a small scale. The Australian Bureau of Statistics defines small businesses in the following way: In this publication small business refers to management units with less than 20 employees in all industries except manufacturing where they have less than 100 employees, and agriculture where they have an estimated value of agricultural operations of between $22 500 and $400 000. Source: ABS cat.no.1321.0, Small business in Australia, 1997, p.211.
 


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Glossary 3.0

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