The SME is a small firm with an independent business managed by its owners/part owners having a small market share. The abbreviation SME is commonly used in the European Union and by different international organizations such as the World Bank, the United Nations and the World Trade Organization (WTO) (Kaufmann, Friedrich., 1995).
Small and Medium Enterprises (SMEs) are business enterprises that maintain the number of employees below a certain standard with limited turnover and balance sheet. The size of an SME company depends on the industry in which the company competes. There are 3 different categories defined for Small and Medium Sized ...