GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Small businesses are responsible for what percentage of sales in the U.S.?
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45%
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54%
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47%
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57%
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Explanation:
Detailed explanation-1: -There are 28 million small businesses in America. These businesses employ 55% of the workforce and account for 54% of transactions throughout the year. Since the 1970s, small businesses have been responsible for 66% of all net job creation within the economy.
Detailed explanation-2: -Today, there are an estimated 33.2 million small businesses in the United States, 88.1% of which have fewer than 20 employees.
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