Which of the following is a characteristic of a lifestyle firm?
A) It starts small and grows very rapidly to become a big business.
B) It represents about 20 percent of all businesses.
C) It typically has sales of $25,000 a year or less.
D) It aims to achieve growth rates of 25 percent or more a year.

Question

Quizplus · Accepted Answer

A characteristic of a lifestyle firm is that it is typically small and does not aim for rapid growth. This is reflected in the option C, which mentions that it has sales of $25,000 a year or less. The other options (A, B, and D) do not reflect characteristics of a lifestyle firm.

Which of the Following Is a Characteristic of a Lifestyle