GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the United States, nearly as many small businesses close as begin each year.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -How Many Small Businesses Are There in the US? The latest statistics show that there are 33.2 million small businesses in the US, which account for 99.9 percent of all US businesses (SBA, 2022). The Small Business Administration (SBA) defines a small business as a firm that has fewer than 500 employees.
Detailed explanation-2: -The nearly twenty-seven million small businesses in the United States generate about 50 percent of our GDP.
There is 1 question to complete.