GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A medium business/enterprise would have ____
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10-49 persons employed.
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250 or more persons employed.
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50-249 persons employed.
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less than 10 persons employed.
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Explanation:
Detailed explanation-1: -The attribute used most often is number of employees; small businesses are usually defined as organizations with fewer than 100 employees; midsize enterprises are those organizations with 100 to 999 employees.
Detailed explanation-2: -Micro businesses have 1-4 employees. Small businesses have 5-99 employees. Medium businesses have 100-499 employees.
Detailed explanation-3: -The PSA classifies an enterprise as a micro if it has less than 10 employees, small if it has 10-99 employees, medium with 100-199 employees, and large if it has 200 or more employees.
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