Which of the following best fits the definition of a small business?

Question

Quizplus · Accepted Answer

A small business is typically defined as one that has fewer than 500 employees and is independently owned and operated. Option B, a hardware store franchise with 20 employees, meets this definition. Option A, a manufacturer with 75 investors, may have fewer employees but could still be a large corporation. Option C, a fast food franchise with locations in three provinces, could have dozens or hundreds of employees, depending on the size of the locations. Option D, a campground with gross revenues of R4 million per year, does not give enough information about the size of the business in terms of employees or ownership status.

Which of the Following Best Fits the Definition of a Small