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Q: For research purposes, the Small Business Administration (SBA) defines small business as companies with up to _____ employees
A: The Small Business Act states that a small business concern is "one that is independently owned and operated and which is not dominant in its field of operation." SBA has a section called Office of Size Standards that defines the appropriate size [ for a small business. The size standards are broken by NAICS industry classification and are based on two things (a) size standards in millions of
dollars; and (b) by number of employee. In most industries, 500 is the maximum for small businesses, though there are industries where a business can have 1000-1500 employees yet still considered "small business" Here is the size standard table by NAICS code breakdown ]
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User: For research purposes, the Small Business Administration (SBA) defines small business as companies with up to _____ employees

Weegy: The Small Business Act states that a small business concern is "one that is independently owned and operated and which is not dominant in its field of operation." SBA has a section called Office of Size Standards that defines the appropriate size [ for a small business. The size standards are broken by NAICS industry classification and are based on two things (a) size standards in millions of dollars; and (b) by number of employee. In most industries, 500 is the maximum for small businesses, though there are industries where a business can have 1000-1500 employees yet still considered "small business" Here is the size standard table by NAICS code breakdown ]
drop3v8|Points 175|

User: for research purposes the small businesess administration sba defines small businesses as companies with up to employees

Weegy: SBA defines a small business concern as one that is independently owned and operated, is organized for profit, and is not dominant in its field. [ Depending on the industry, size standard eligibility is based on the average number of employees for the preceding twelve months or on sales volume averaged over a three-year period. Examples of SBA general size standards include the following: Manufacturing: Maximum number of employees may range from 500 to 1500, depending on the type of product manufactured; Wholesaling: Maximum number of employees may range from 100 to 500 depending on the particular product being provided; Services: Annual receipts may not exceed $2.5 to $21.5 million, depending on the particular service being provided; Retailing: Annual receipts may not exceed $5.0 to $21.0 million, depending on the particular product being provided; General and Heavy Construction: General construction annual receipts may not exceed $13.5 to $17 million, depending on the type of construction; Special Trade Construction: Annual receipts may not exceed $7 million; and Agriculture: Annual receipts may not exceed $0.5 to $9.0 million, depending on the agricultural product. Read more, or sign up, for more on this topic at: ]
Expert answered|matahari|Points 2691|

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Asked 10/22/2013 9:46:00 PM
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