BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A medium business/enterprise would have ____
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10-49 persons employed.
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250 or more persons employed.
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50-249 persons employed.
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less than 10 persons employed.
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Explanation:
Detailed explanation-1: -SMEs are further subdivided into micro enterprises (fewer than 10 employees), small enterprises (10 to 49 employees), medium-sized enterprises (50 to 249 employees). Large enterprises employ 250 or more people.
Detailed explanation-2: -Medium-sized enterprises: 50 to 249 employees. Large enterprises: 250 employees or more.
Detailed explanation-3: -Some countries dock the total number of employees at 200. The United States defines an SME, among other characteristics, as those with no more than 500 workers.
Detailed explanation-4: -Some examples are manufacturers, wholesalers, engineers, transport companies and labour hire/recruitment service providers.
There is 1 question to complete.