Question 4Multiple Choice Worth 5 points) (01.03 LC) A business that is privately owned with fewer employees and less revenue than large businesses is called a franchise a small business entrepreneurship intrapreneurship

**small business** is privately owned with fewer employees and less revenue than large businesses. A franchise is a business model, not a business size classification. Entrepreneurship is the process of starting and running a business, and intrapreneurship refers to entrepreneurial activities within a larger organization.<br />