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English definition of “SME”

SME

noun [C or U]
 
 
ECONOMICS, COMMERCE
abbreviation for Small and Medium Enterprise: a company, or companies considered as a group, that are neither very small nor very large: SME market/sector More than half of their revenue comes from larger corporate contracts, but the SME market is growing. More SME owners decided to downsize their businesses. → See also microenterprise
(Definition of SME from the Cambridge Business English Dictionary © Cambridge University Press)
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