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What is SMEs (Small-to-medium enterprises)

Chapter 98
Encyclopedia of Internet Technologies and Applications
The European Commission has defined SMEs as organizations which employ less than 250 people.
Published in Chapter:
Web-Based Commerce Applications: Adoption and Evaluation
Chad Lin (Curtin University of Technology, Australia), Helen Cripps (Edith Cowan University, Australia), and Yu-An Huang (National Chi Nan University, Taiwan)
Copyright: © 2008 |Pages: 6
DOI: 10.4018/978-1-59140-993-9.ch098
Abstract
The transaction of business via the Web is becoming an imperative for organizations aiming at improving their competitiveness. The Web-based commerce applications allow organizations to access potential customers and suppliers via the Internet. Expected benefits include: expanded marketplaces, potential cost reductions, productivity improvements, customization of products and services, 24-hour trading and information exchange, and management (McIvor & Humphreys, 2004; Raisinghani et al., 2005). This expansion of Web based commerce has led to growing research into the impact of investments made by organisations in this field (Raisinghani et al., 2005).
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