The Definition of SMEs
SMEs = Small and Medium Enterprises
Controlled by Department of Industrial Promotion
Small and medium-sized enterprises (SMEs; sometimes also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The abbreviation "SME" is used in the European Union and by international organizations such as the World Bank, the United Nations and the World Trade Organization (WTO). Small enterprises outnumber large companies by a wide margin and also employ many more people. SMEs are also said to be responsible for driving innovation and competition in many economic sectors.
- Small and medium-sized businesses in the number of employee and budget of investment
- Independence business
- Flexibility
- Limitation of productivity, resources and profit