The common size standard for a service or retail business to be classified as a small business is $6 million in average annual sales.

Name: The common size standard for a service or retail business to be classified as a small business is $6 million in average annual sales.
Brand: Quizplus
Rating: 5.0 (35 reviews)

Question

Quizplus · Accepted Answer

The common size standard for a small business in the service or retail sector is typically higher than $6 million, often around $7.5 million to $38.5 million, depending on the specific industry.

The Common Size Standard for a Service or Retail Business