Importance of Small Medium Enterprises
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 a...