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Subject:What is a SME From:PIP Mailbox <prc -at- PIP -dot- DKNET -dot- DK> Date:Thu, 15 Feb 1996 19:23:12 +0000
>Date: Wed, 14 Feb 1996 08:56:52 +0300
>From: Chris Hulin <chrish -at- SPIDERNET -dot- COM -dot- CY>
>Subject: Definitions please (short)
>I have two questions, the answers to neither of which are in my
>dictionaries: * What's spamming? * What's an SME? Is it
>"ess-em-ee" or "Smee". We haven't any where I work.
>+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ + Chris
Oh, lovely Cyprus is loaded with SMEs! You are probably sitting in
the very center of a SME!
SME is an abbreviation for Small and Medium sized Enterprise. The
term is primarily used by the EEC for their R&D programmes
(BRITE/EURAM, etc.), but has from there found a quite widespread use
in European bureaucratic language. For most EEC R&D programmes,
the definition of a SME is:
- Less than 500 employees.
- Turnover of less than 38 million ECU (approx. 50 M$)
- Not majority owned by a larger industrial group.