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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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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