Small businesses, like independently owned fast food restaurants, meet the SBA criteria for being classified as such.
Small businesses are defined by the SBA as independent, privately owned enterprises that have fewer employees and lower revenues than larger corporations. A fast food restaurant that is independently owned and operated fits the definition of a small business as it typically has a limited number of employees and lower revenue compared to larger chains. On the other hand, a movie screen company that controls 90% of the market would not be considered a small business due to its dominant market share and likely higher revenue and number of employees.
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