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Importance of Small Medium Enterprises

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Importance of Small Medium Enterprises Small Medium Enterprises are defined by their size. Their personnel numbers fall below a fixed limit that comes around to be approximately 50-250 employees. SMEs are independent firms whose number varies from country to country. The investment plan and budget map are also defined precisely within these Enterprises. There are many small-medium enterprise examples that depend upon the country and a few characteristics. Classification of Small Medium Enterprises There are numerous small medium enterprises that are functional in different countries adopting different strategies and traits to make it a big firm. Usually, the categorization of these SMEs are done based upon the following features and factors:   ●      Annual Sales ●      Number of Employees ●      Number of assets owned by the company ●      Market Capitalization   If we talk about these medium-sized enterprises in the United States, we can’t come out with common f