A business that is independently owned and operated,with a small number of employees and relatively low volume of sales is a:
A) small business.
B) medium business.
C) large business.
D) joint venture.

Question

Quizplus · Accepted Answer

A small business is generally defined as a business that is independently owned and operated, with a small number of employees and relatively low volume of sales. This type of business is often run by an individual or a small group of individuals who are responsible for all aspects of the business. Small businesses are a vital part of the economy and can provide employment opportunities and contribute to the development of local communities.

A Business That Is Independently Owned and Operated,with a Small