A Small Business Is Often Defined as Having Fewer Than

question 8

Multiple Choice

A small business is often defined as having fewer than ________ employees, as well as being independently owned and operated.

• A) 500
• B) 400
• C) 300
• D) 200
• E) 100

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Definitions:

Franchise

A business model that allows one to use another's established brand and operating systems in exchange for a fee and ongoing royalties.

Cable Television

A system for delivering television programming to viewers via radio frequency signals transmitted through coaxial cables or light pulses through fiber-optic cables.

Marginal Revenue

The extra profit gained from selling one more unit of a product or service.

Total Revenue

The grand total of funds acquired by a company through the sale of its goods or the delivery of its services within a predetermined interval.