Operations, maintenance and contracts
SME
Abbreviation for small and medium-sized enterprises
In short and in plain language
SME stands for small and medium-sized enterprises.
They are set apart from large firms by their size.
The term is used in statistics, funding schemes and laws. Which limits apply depends on the context.
Definition
SME stands for small and medium-sized enterprises, which are distinguished from large companies by size criteria. The term is used in statistics, funding programmes and laws. Which limits apply depends on the context.