Business size

Question 1

What are the four business sizes?

Answer 1

Micro, small, medium, large.

Question 2

Micro

Answer 2

1-4 employees
very small pyramid structure, thus decisions are made by one owner.
sole trader.
very small market share,
local.
less than five full-time employees.

Question 3

Small

Answer 3

1-19 employees.
Still a small pyramid structure decisions are often made by one or two owners.
Lees then 20 full-time employees.
Sole trader or partnership
small market share.
Local.

Question 4

Medium

Answer 4

20-199 employees.
Medium sized pyramid structure with of managers employees and owners.
Partnership/Private company.
less than 200 full-time employees.
leader and operates nationally in market share.

Question 5

Large

Answer 5

200+ employees
Large pyramid structure full of managers, owners and employees.
Public/Government owned.
200 or more full-time employees.
leader and operates nationally or internationally in marketshare.