Which of the following categories does the majority of small businesses fall under?
A) High-growth ventures
B) High-performing small businesses
C) Lifetime/Part-time firms
D) Traditional small business

Question

Quizplus · Accepted Answer

The majority of small businesses fall under the lifetime/part-time firms category. These are businesses that are created to provide the owner with a source of income or to pursue a passion, but are not intended for significant growth or expansion. This category also includes businesses that may be seasonal or operate on a part-time basis. High-growth ventures and high-performing small businesses are less common and typically have a different set of characteristics and goals. Traditional small businesses may fall under any of these categories, but the majority are likely to be lifetime/part-time firms.

Which of the Following Categories Does the Majority of Small