Home › BBA › Entrepreneurship › Small Business Management › A firm with under 500 employees, independently m…
A firm with under 500 employees, independently managed and not dominant in its industry, is a:
ASingle business
BSimple business
CSmall business
DSilent business
Answer & Solution
Correct answer: C. Small business
1. Ownership rests with one person or a few.
2. It is based locally.
3. It is a small business.
_Source: OpenStax Introduction to Business, Chapter 5, Entrepreneurship: Starting and Managing Your Own Business._
Related questions
A person with every entrepreneurial trait may still fail because they lack:Having a great concept alone is not enough, because the entrepreneur must also:Investment companies licensed by that federal body to provide long-term small-business finA facility giving start-ups workspace and support in their earliest days is a business:Retired executives who volunteer to advise small-business owners work through:The federal body that helps people start and manage small firms and win contracts is the:Compared with the earliest individual backers, venture capitalists typically invest:Investment firms specialising in financing small high-growth companies for an ownership st