Jonathan's business employs 70 people and generates sales of $400,000 selling medical supplies to dentists.What kind of business does Jonathan own?

Question

Quizplus · Accepted Answer

A business with 70 employees would typically be considered a small business, as it falls below the threshold for being classified as a mid-sized or large business. The fact that it generates $400,000 in sales also suggests that it is a smaller-scale operation. While it is possible that the business could have high growth potential, there is no evidence provided to support this possibility, so it would not necessarily be considered a high-potential business. A micro-business typically has fewer than 10 employees, so this choice can be eliminated. Finally, a lifestyle business is one that is based around the owner's personal interests or preferences, and it is not clear whether this applies to Jonathan's medical supplies business.

Jonathan's Business Employs 70 People and Generates Sales of $400,000