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Question
which business scenario fits the definition of a small business, according to the sba?
a fast food restaurant that is independently owned and operated
a multinational language translation service
a movie screen company that controls 90% of the movie screen market
a not - for - profit credit counseling service
The SBA (Small Business Administration) defines a small business as independently owned and operated, not dominant in its field, and meets size standards. A fast - food restaurant that is independently owned and operated fits this. A multinational service is large - scale, a company controlling 90% of the market is dominant, and a not - for - profit service doesn't fit the for - profit small business definition.
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A. A fast food restaurant that is independently owned and operated