A business having fewer than 100 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices is a(n)
A) Nonprofit opportunity.
B) Small business.
C) Speculative start-up.
D) Entrepreneurial venture.
E) Incubator.

Question

Quizplus · Accepted Answer

A small business is often defined as having fewer than 100 employees and being independently owned and operated, not dominant in its field, and not characterized by many innovative practices. Small business owners tend not to manage particularly aggressively, and they expect normal, moderate sales, profits, and growth.

A Business Having Fewer Than 100 Employees, Independently Owned and Operated