A small business is defined as a company that ________
A) is newly launched and has fewer than 100 shareholders
B) is dominant in its field and employs fewer than 1,500 employees
C) has revenue of less than $750,000
D) is independently owned and operated and not dominant in its field
E) is funded through personal lines of credit and has fewer than 1,000 employees
Answer: D
Explanation: A small business is an independently owned and operated company that employs fewer than 500 people and is not dominant in its field of operation.
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Jamie and his parents are traveling from one part of the city to another. On the way, they stop at a gas station to refuel the tank. Lanellem is a small self-service retail store attached to the gas station. It sells food items like sandwiches and soda as well as nonfood items such as groceries, magazines, and alcohol. Jamie's mother picks up a few sandwiches and a magazine for the rest of the journey. According to this scenario, Lanellem is most likely a _____.
a. convenience store b. specialty store c. warehouse club d. category killer
Three fundamental forces that capture the shape of the market growth curve and the rate of market growth are market potential, market penetration, and the rate at which new customers enter the market
Indicate whether the statement is true or false