The measurement of business size can vary depending on the industry and geographical location. Common criteria include:
Number of Employees: Often used to distinguish between small, medium, and large enterprises. For example, a small business in the U.S. typically has fewer than 500 employees. Annual Revenue: This financial metric is crucial for understanding the earning capacity and market position of a company. Market Share: The percentage of an industry's sales that a particular company controls. Operational Footprint: Geographical reach and the number of locations a business operates.