Question

Small businesses make up the majority of the competitive landscape for most businesses. There are approximately __________ small businesses in the United States.

Answer 1

Answer:

29 million

Explanation:

The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America. SBA was established in 1953 as an autonomous or independent agency of the government of the United States of America. Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, in order to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.

According to the small business administration (SBA), there are approximately 29 million small businesses in the United States.