Gadgetbug, a gadget repair store, has 26 employees and operates in a two-storey building. The firm is well known in the community and the city in which it operates but not in the entire country. Gadgetbug manages to make annual sales of $80,000. Gadgetbug qualifies as a _____.

Question

Quizplus · Accepted Answer

Gadgetbug qualifies as a small business. A small business is privately owned by one individual or a small group of individuals and has sales and assets that are not large enough to meaningfully influence its environment.

Gadgetbug, a Gadget Repair Store, Has 26 Employees and Operates