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Abstract

Small and medium firms are important economic power that contribute to increse the volume of employment and flexibility of the economy by adjusting rapid market changes. Those running firms know the present-day business concepts and they must be ready to institute changes. Consultancy is one of the most important factors of effective location of company resources and improving business practice. A prosperous establishment, financing and expansing of small and medium firms calls necessarily for an appropriate consultancy service and institutional infracture.

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