What is the standard definition of a small business in terms of employee count?

The standard definition of a small business in terms of employee count is generally considered to be fewer than 500 employees. This definition is widely accepted and used by various governmental and financial organizations, including the Small Business Administration (SBA) in the United States.

This threshold recognizes that small businesses contribute significantly to the economy by providing employment, innovation, and competition. While different industries may have different standards regarding what constitutes a small business based on revenue or other factors, the employee count of fewer than 500 is a comprehensive guideline that encompasses a vast array of businesses across various sectors.

In specific contexts or industries, the limits may vary, which explains the existence of other choices in the question. However, as a general standard, the figure of fewer than 500 employees remains prevalent and acknowledged in the classification of small businesses.