Classifying businesses by whether they are a single local shop, a small number of retail outlets in a region, or a national or international corporation with many stores is a way of classifying businesses by what?

Answer 1

This method of classifying businesses is generally based on their scale or size. More specifically, it relates to the concept of business organization types or market reach, distinguishing between local businesses (single shop), regional businesses (a few outlets), and larger corporations with national or international presence. This classification reflects factors such as the number of locations, geographic coverage, and overall market impact.