Answered step by step
Verified Expert Solution
Question
1 Approved Answer
WHAT IS SMALL? Small business is defined as an enterprise that is independently owned and operated; it not dominant in its field of operation, and
WHAT IS SMALL? Small business is defined as an enterprise that "is independently owned and operated; it not dominant in its field of operation, and meets certain standards in terms of employees or annual receipts." Those "certain standards" are set by the Small Business Administration Office (SBA) of Size Standards. In some industries, a "small" business must have fewer than 500 employees. In others, the limit is a dollar revenue figure, such as $6.5 million. Go to the SBA website (www.sba.gov) and navigate to the "Size Standards" page. Use the table on the SBA website to find the size limitations for the following industries: WHAT IS SMALL? Small business is defined as an enterprise that "is independently owned and operated; it not dominant in its field of operation, and meets certain standards in terms of employees or annual receipts." Those "certain standards" are set by the Small Business Administration Office (SBA) of Size Standards. In some industries, a "small" business must have fewer than 500 employees. In others, the limit is a dollar revenue figure, such as $6.5 million. Go to the SBA website (www.sba.gov) and navigate to the "Size Standards" page. Use the table on the SBA website to find the size limitations for the following industries
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started