small firm, medium firm and large firm?

Question

any one can tell me how to differentiate the small firm, medium firm and large firm and what renferences u r using?

Answer 1

Small and medium enterprises or SMEs are companies whose headcount or turnover falls below certain limits.

The abbreviation SME occurs commonly in the EU and in international organizations, such as the World Bank, the United Nations and the WTO. The term Small or Medium sized Business or SMB has become more standard in a few other countries.

EU Member States traditionally had their own definition of what constitutes an SME, for example the traditional definition in Germany had a limit of 500 employees, while, for example, in Belgium it could have been 100. But nowadays the EU has started to standardise the concept. Its current definition categorises companies with fewer than 50 employees as "small", and those with fewer than 250 as "medium". By contrast, in the United States, when small business is defined by the number of employees, it often refers to those with less than 100 employees, while medium-sized business often refers to those with less than 500 employees. However, the most widely used American definition of micro-business by the number of employees are the same of that of European Union: less than 10 employees.

As of 2005, Germany will use the definition of the European Commission.

Business enterprises of fewer than 10 employees often class as SOHO (for Small office/home office).