A small business is defined as one that is independently owned, operated, and financed; has fewer than 100 employees; engages in innovation marketing practices; and has relatively little impact on its industry.

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A small business is typically defined as one that is independently owned and operated, often with a small number of employees, but the specific criteria (such as the number of employees) can vary by country and industry. The definition does not necessarily include engaging in innovative marketing practices or having a relatively little impact on its industry.

A Small Business Is Defined as One That Is Independently