Answered

Which business scenario fits the definition of a small business, according to the SBA?
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A not-for-profit credit counseling service
A fast food restaurant that is independently owned and operated
A movie screen company that controls 90% of the movie screen market
A multinational language translation service



Answer :

GinnyAnswer

Final answer:

Small businesses, like independently owned fast food restaurants, meet the SBA criteria for being classified as such.


Explanation:

Small businesses are defined by the SBA as independent, privately owned enterprises that have fewer employees and lower revenues than larger corporations. A fast food restaurant that is independently owned and operated fits the definition of a small business as it typically has a limited number of employees and lower revenue compared to larger chains. On the other hand, a movie screen company that controls 90% of the market would not be considered a small business due to its dominant market share and likely higher revenue and number of employees.


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