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• SMEs are small or medium-sized businesses that meet certain restrictions on employees or financial measurements.
• The exact definition of an SME depends on the country in which the business operates,and it may also depend on the industry.
• SMEs make up the vast majority of businesses.

• The abbreviation SME also routinely means "Small to Medium Enterprises". In this context, an SME is a business that employs fewer than 250 people and has an annual turnover not exceeding 50 million euros an annual balance sheet not exceeding 43 million euros.

• A small- to mid-size enterprise (SME) is a business with revenues, assets, or numbers of employees that fall below a certain level. The criteria for determining an SME varies between countries and sometimes between industries. Here are some examples of what SMEs are, the role they play in the economy, and how countries differ in their definitions.

SME definition Small and medium-sized enterprises (SMEs) represent 99% of all businesses in the EU. The definition of an SME is important for access to finance and EU support programmes targeted specifically at these enterprises. What is an SME?

Dependent and independent SMEs and large enterprises. Small and medium-sized enterprises (SMEs) are a focal point in shaping enterprise policy in the European Union (EU). The European Commission considers SMEs and entrepreneurship as key to ensuring economic growth, innovation, job creation, and social integration in the EU.

Whether they deal in services or manufacturing, exporting SMEs show higher total revenues, faster total revenue growth, and higher labor productivity than their nonexporting SME counterparts. The Commission also found several noteworthy contrasts between exporting large firms and exporting SMEs.

Declaring your enterprise to be an SME (the form is available in all languages as an annex in the revised user guide) The SME self-assessment tool which you can use to determine whether your organisation qualifies as a small and medium-sized enterprise

• Local restaurants, grocery stores, garages, etc. that serve a hyperlocal target audience usually fall under the blanket of a small-to-medium-size enterprise as they generate less revenue and operate with less than a certain level of workforce and assets. Legal definition and standards for identifying a small business vary from country to country.

SME means "Subject Matter Expert". The abbreviation SME is commonly used in business to describe a specialist in a specific field.