GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Roughly what percentage of new jobs are created by businesses with fewer than 500 employees?
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80 Percent
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60 Percent
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20 Percent
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40 Percent
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Explanation:
Detailed explanation-1: -99.9% of America’s business community is involved in small business. Approximately 99.9% of businesses in the U.S. are classified as small businesses, meaning they are not dominant in their field and usually have fewer than 500 employees. On top of that, 45% of US economic activity (GDP) is tied to small businesses.
Detailed explanation-2: -Further to that, Harvard Business Review suggests that most companies should grow at a rate of between 10% and 25% per year. Ultimately, what is considered to be a good growth rate can depend on many different elements, including: Company size. Company age.
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