Katie has recently opened a new beauty salon. You have been hired to advise Ms. Katie with her business. Katie plans to hire 35 employees and needs loans to buy beauty supplies, new equipment, and pay salaries. Katie's business is an example of

Question

Quizplus · Accepted Answer

Katie's business, with plans to hire 35 employees and the need for loans to buy supplies and equipment, fits the definition of a small business, which typically has fewer employees and requires less capital than a large corporation.

Katie Has Recently Opened a New Beauty Salon