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Size of business
How is the size of a business measured?
The size of a business can be measured using various factors, including the number of employees, annual revenue or sales, total assets, market share, and profitability. The specific metric used may depend on the context and purpose of the measurement.
What are the advantages of being a small business?
Advantages of being a small business include flexibility, close customer relationships, the ability to adapt quickly, low bureaucracy, and the potential for innovation and niche market targeting.
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