Small And Medium Enterprises Definition

Small and mid size enterprises smes are businesses that maintain revenues assets or a number of employees below a certain threshold.

Small and medium enterprises definition. Small and medium enterprises are by definition small. Smes are those companies whose personal numbers falls below the set criteria. Smes or small and medium enterprises are defined differently in every country some countries define it on the basis of employees in the enterprise whereas other. Smes are small or medium sized businesses that meet certain restrictions on employees or financial measurements.

Though they do not have the resources of large companies their essence is entrepreneurial and therefore they are very important to the innovation and growth of a country s economy. Small and medium sized enterprises smes or small and medium sized businesses smbs are businesses whose personnel numbers fall below certain limits. Sme stands for small and medium scale enterprises. Each country has its own definition of what constitutes a.

The exact definition of an sme depends on the country in which the business operates and it may also depend on the industry. However they outnumber large firms by a wide margin.