What is SMALL AND MEDIUM ENTERPRISE (SME)?

A term in business that is different in other countries and businesses. In USA a small-office home-office, SOHO, to a large company can be a SME.In European Union it means a firm with 50 to 250 employees, turn over of 7 to 40 million Euro annually, assets not exceeding 27 million Euro. International Chamber of Commerce states it to be a firm with 100 to 2000 employees.

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