What percentage of businesses in the service sector are small?
A) 71 percent
B) 51 percent
C) 31 percent
D) 11 percent

Question

Quizplus · Accepted Answer

The service sector is predominantly made up of small businesses, with 71 percent of businesses in this sector being classified as small. This high percentage reflects the accessibility and lower barriers to entry for starting small service-based businesses compared to manufacturing or other sectors that might require significant capital investment.

What Percentage of Businesses in the Service Sector Are Small