To be classified as a small business, a firm must have no more than 100 employees.

Question

Quizplus · Accepted Answer

The definition of a small business varies by country and industry, but it often includes considerations beyond just the number of employees, such as annual revenue. In the U.S., for example, the Small Business Administration's size standards consider both factors and can define a small business as having up to 1,500 employees, depending on the industry.

To Be Classified as a Small Business, a Firm Must