BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1 million
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2.4 million
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3 million
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1.3 million
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Detailed explanation-1: -In the United States, small businesses make up 99.9% of all companies in operation. That means there are 30.7 million small businesses in the country. This is a staggering figure, and these enterprises create about 1.5 million jobs yearly, which is about 64% of the total new jobs in the US.
Detailed explanation-2: -Enterprises can be classified in different categories according to their size; for this purpose, different criteria may be used, but the most common is number of people employed. In small and medium-sized enterprises (SMEs) employ fewer than 250 people.
Detailed explanation-3: -Number of SMEs worldwide 2000-2021 by region There were estimated to be approximately 332.99 million SMEs worldwide in 2021, an increase when compared to 2019 when there were 328.5 million, which, prior to the most recent year was an estimated peak for the number of SMEs in the provided time period.