Small and medium-sized businesses definition
Small and medium-sized businesses or “busi- nesses” means businesses domiciled in this state which employ less than 250 people and have a net worth of less than $6 million.
Small and medium-sized businesses or “SMBs” means a small and medium-sized businesses whose personnel numbers fall below certain limits. SMBs are sometimes also referred to as “small and medium sized enterprises” or “SMEs”, as used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization. Small businesses are generally those companies with fewer than 50 employees. Medium-sized businesses are generally those companies with between 50 and 499 employees. Any company with 500 or more employees is generally considered a large business.
Examples of Small and medium-sized businesses in a sentence
Small- and medium-sized businesses will be the special beneficiaries of access to industrial goods since tariff reduction not only reduces the cost of production but also reduces the cost of updating technology and improving productivity.