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What is the defintion of a small business owner?
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Question
Asked 5/25/2011 7:44:46 AM
Updated 10/31/2023 1:08:55 AM
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What is the defintion of a small business owner?
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User:
What is the defintion of a small business owner?
Weegy:
A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. [ The legal definition of "small" varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009, 50 employees in the European Union,[citation needed] and fewer than 500 employees to qualify for many U.S. Small Business Administration programs.[1] Small businesses can also be classified according to other methods such as sales, assets, or net profits. Small businesses are common in many countries, depending on the economic system in operation. Typical examples include: convenience stores, other small shops (such as a bakery or delicatessen), hairdressers, tradesmen, lawyers, accountants, restaurants, guest houses, photographers, small-scale manufacturing, and online business, such as web design and programming, etc. ]
Expert answered|selymi|Points 3017|
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Asked 5/25/2011 7:44:46 AM
Updated 10/31/2023 1:08:55 AM
1 Answer/Comment
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Kuyaflo
Small business owners deliver specialized products or services to those who need it in a specific community.
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Added 10/31/2023 1:08:55 AM
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What is the defintion of a entrepreneur?
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Updated 8/5/2018 2:58:56 AM
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emdjay23
Entrepreneur is a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
Added 8/5/2018 2:58:53 AM
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