Question

How are the businesses categorized based on size? Explain in detail
fast answer ​

Answer 1

Answer:

Classification of Businesses – By Size of the Business: Micro Companies, Small Companies and Large Companies. There are millions of businesses around the world and all of them vary in size, hence it is useful to classify businesses according to their size to have a better understanding of external business environment. The categories are the following:

Microentreprises: 1 to 9 employees.

Small enterprises: 10 to 49 employees.

Medium-sized enterprises: 50 to 249 employees.

Large enterprises: 250 employees or more.