Which of the following is NOT a characteristic of a small business?
A) has cutting edge, innovative business practices
B) has about 200 employees
C) is not a "player" with impact within its industry
D) has a relatively small market share of its product

Question

Quizplus · Accepted Answer

A) A small business as defined has 500 or fewer employees, a small impact on its industry, and a fairly small market share of its product. What a small business would not have would be innovative business practices. Being innovative gives a firm the potential to have a large impact on its industry and can cause a firm to be categorized as large rather than small.

Which of the Following Is NOT a Characteristic of a Small