What is SME

Small and medium-sized enterprises.

As defined by Zimra, SME is a business that employs between 5-40 people with annual turnover and assets from as low as $50,000 to $2 million. The working definition for SMEs within this study was from a Zimbabwean perspective.

The acronym describes small and medium-sized enterprises (SMEs) of less than 250 employees. The definition used in the chapter refers to the definition of the European Union.

Small and medium enterprises.

Small-medium enterprises are organisations with a small number of employees, generally from 20-250 employees.

Firm with less than 250 employees.

Small and medium-sized enterprises.

Businesses that employ less than 250 employees annually and whose annual sales revenue or financial balance is determined on a country basis. They are classified as micro enterprise, small enterprise, and medium enterprise.

Small and medium enterprise (firm) that is independent, managed by owner and has a small market share (Bolton, 1971 AU36: The in-text citation "Bolton, 1971" is not in the reference list. Please correct the citation, add the reference to the list, or delete the citation. ). Various measures are used to define the firm size such as the number of employees, the turnover, balance sheet total and percentage of ownership. Definitions of SME vary according to sectors and countries. An example of SME by European Commission is illustrated in Table 2 in the Appendix ( DTI 2001 ).

Small and medium enterprise; an organization classified as a small and medium enterprise is classified as an organization with less than either 500 or 250 employees.

Enterprises that employ a limited number of employees.

Small and medium enterprises.

This acronym is used to refer to small and medium sized enterprises as a collective group.

Small and medium-sized enterprises (SMEs) are non-subsidiary, independent firms which employ fewer than a given number of employees. This number varies across countries. The most frequent upper limit designating an SME is 250 employees, as in the European Union.

Although it differs in different regions of the world, SMEs in Turkey are economic units that employ less than 250 people and whose annual net sales revenue or financial balance sheet does not exceed 125 million TRY and are classified as micro-enterprises, small enterprises, and medium-sized enterprises in the regulation.

A micro, small or medium sized company.

Small and Medium Enterprise.

It means non-subsidiary, independent firms which employ fewer than a given number of employees. This number varies across countries. The most frequent upper limit designating an SME is 250 employees, as in the European Union.

Small and medium-sized enterprises.

Small and medium-sized enterprises.

Small and medium sized organizations with fewer than 250 full time equivalent employees.

Small and mid-size enterprises (SMEs) are businesses that maintain revenues, assets, or a number of employees below a certain threshold.

small and medium-sized enterprises; generally considered as less than 500 employees (less in smaller countries), and independently owned/operated.

A corporation with 250 employees or fewer.

Economical units or enterprises whose annual net sales revenue or financial statement does not exceed 40 million Turkish Liras and which annually employs less than 250 people.

Small to medium enterprise. The Australian Bureau of Statistics defines a small to medium sized business as employing between 5 and 199 employees that has annual revenue turnover of less than $10 million Australian dollars.

Defined as a small to medium enterprise. Networks or clusters are interconnected, collaborating collectives composed of SMEs, advisors, government or funding body representatives, and relevant others such as researchers.

Small and medium size enterprises. Small and medium size tourism enterprises are also referred to as SMTE. In Australia a small size enterprise refers to firms with less than 20 employees and micro enterprises 0-9 employees.

Small and medium-sized enterprises.

Small companies (size less than 100 persons), small organizations (belongs a more large organization, size less than 50 persons) and small projects (executed in organizations; size less than 20 persons).

Small and medium-sized enterprises (SMEs) is the term used to refer companies whose personnel and turnover numbers are below certain limits.

This refers to small-to-medium enterprise. Each country has legal regulations governing size and turnover of SMEs.

Small and medium enterprises.

An SME means a “small to medium enterprise”, and there are various parameters to measure an SME. European Commission distinguish within SMEs small-medium, small, and micro enterprises.

Small and medium-sized enterprise: there is no universal definition for this term. Most definitions are based on the number of employees, but some definitions include sales revenue. For example, up to 50 employees is the official definition in New Zealand, while in North America, a firm with 500 could be defined as a small firm. Another important aspect of any definition of “SME” is the firm’s independence, that is, an SME is considered to be an independent firm, that is, not a subsidiary of another (typically larger) firm.

Small and medium size enterprises, expand

Small and medium enterprises whose number of employees does not exceed a certain number. In addition to the number of employees, the criteria for the size of the company can be gross income and the value of assets. The criteria in Serbia for SMEs are that the number of employees is less than 50, the gross income is up to 2.5 million euros and the value of assets is 1 million euros for small, and for medium the number of employees is less than 250, the gross income is up to 10 million euros, and the value of assets is up to 5 million euros.

A small and mid-size enterprise (SME) is a business that maintains revenues, assets or a number of employees below a certain threshold.

A company employing less than 250 people with an annual turnover not exceeding EUR 50 million or total annual balance sheet not exceeding EUR 43 million.

Subject matter expert. A telementor is a subject matter expert.

Small and medium-sized enterprises are non-subsidiary, independent firms which employ fewer than a given number of employees. This number varies across countries. The most frequent upper limit designating an SME is 250 employees, as in the European Union. However, some countries set the limit at 200 employees, while the United States considers SMEs to include firms with fewer than 500 employees. Small firms are generally those with fewer than 50 employees, while micro-enterprises have at most 10, or in some cases 5, workers (OECD. Retrieved October 20, 2014 from http://stats.oecd.org/glossary/detail.asp?ID=3123 ).

In the European Union we use SME classification based on the staff numbers (staff headcount criterion) or annual balance-sheet total. The methodology is in line with the recommendation of the European Commission a) A micro-entrepreneur is an entrepreneur who, at least in one of the last two consecutive fiscal years, employed fewer than 10 workers and whose annual net turnover from the sales of goods, articles and services as well as financial operations did not exceed EUR 2 million or whose annual balance sheet total at the end of one of these years did not exceed EUR 2 million; b) a small entrepreneur is an entrepreneur who, at least in one of the last two consecutive fiscal years, employed fewer than 50 workers and whose annual net turnover from the sales of goods, articles and services as well as financial operations did not exceed EUR 10 million or whose annual balance sheet total at the end of one of these years did not exceed the equivalent of EUR 10 million; c) a medium-sized entrepreneur is an entrepreneur who, at least in one of the last two consecutive fiscal years, employed fewer than 250 workers and whose annual net turnover from the sales of goods, articles and services as well as financial operations did not exceed EUR 50 million or whose annual balance sheet total at the end of one of these years did not exceed EUR 43 million.

Refers to small, medium and big sized enterprises.

Small and medium-sized enterprises.

Micro firms with fewer than 10 employees, small firms with 10 to 50 employees, and medium firms with 50 to 250 employees.

Enterprises which corresponds less than 250 employees and assets less than 200 million bahts (approx. 6,000,000 USD).

Small and medium-sized enterprises.

Enterprise which employs less than 250 people; has an annual turnover of less than €50m and/or balance sheet assets of less than €43m.