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What is Small and Medium-sized Enterprises (SME) : Definition and Examples

(SME) Small and Midsize Enterprise Market Definition:

Small and Medium-Sized Enterprises (smes) are defined as a segment comprising a small business with 30 to 250 employees. These are businesses that fall within certain size thresholds, usually in terms of revenue, assets, or number of employees. International groups like the World Bank, the OECD, the European Union, the United Nations, and the World Trade Organization use the term SME. 

It play a crucial role in the economy, contributing significantly to employment, innovation, and economic growth.

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Characteristics of Small and Medium Enterprises :

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Importance of the SME Market:

Small and medium-sized enterprises purpose is to focus on making new products or services so they can adjust quickly to the changing market needs. Here are some points to be noted:

Small and Medium-Sized Enterprises Examples

Consider a region where small software development companies, local manufacturing units, and family-owned retail stores operate. These businesses, falling under specific size thresholds, collectively represent the Small and Medium-sized Enterprises (SME) market in that area.

Also Read: What is the P/E Ratio?


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