Meaning of “SME” in the English Dictionary

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"SME" in Business English

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SMEnoun [ C or U ]


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.

(Definition of “SME” from the Cambridge Business English Dictionary © Cambridge University Press)