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Foundations of Business 6th Edition

Foundations of Business (6th Edition)

Book Edition6th Edition
Author(s)Hughes, Pride
ISBN9781337386920
PublisherCengage Learning
SubjectOther
Section 5-1: Small Business: A Profile
Concept Check
Section 5-2: The People in Small Businesses: The Entrepreneurs
Concept Check
Section 5-3: The Importance of Small Businesses in Our Economy
Concept Check
Section 5-4: The Pros and Cons of Smallness
Concept Check
Section 5-5: The Small Business Administration: Resources for Entrepreneurs
Concept Check
Section 5-6: Franchising
Concept Check
Section 5-7: The Growth of Franchising
Concept Check
End of Chapter
Discussion Questions
Video Case
Social Media Exercise
Building Team Skills
Researching Different Careers
Running Business
Building a Business Plan
Chapter 5, Section 5-1, Concept Check, Exercise 01
Page 132

What information would you need to determine whether a particular business is small according to SBA guidelines?

Explanation

 I would need the following information

1.     Number of workers- It should be below 1,500 workers

2.     Average amount of sales. It should not exceed or go beyond $38.5 million for small enterprises.

 

 

Answer

Attached below is the appropriate answer

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Solution by subject matter expert

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Page 132