Small, Medium, and Large: Categorizing Business Types in the USA

One of the most important ways that businesses are different is by their size. No matter what your job is, it can be helpful to know the different types of businesses and which group your potential employer falls into. A useful piece of knowledge is to know the most common business sizes and what makes them particular. There are different categories for business sizes, and this piece talks about what the main traits of each are. The idea of a business's size is subjective and varies a lot on the type of business it is. They do, however, have three main sizes, and these sizes have some things in common, no matter what industry they're in. These are the three main types of business size groups: This is the type of business that most companies in the U.S. are. It is common for small businesses to have no more than 1,500 workers and make no more than $38.5 million a year. Mid-market enterprise: These companies are bigger than small businesses but not as big as large...