SMEs Flashcards
1
Q
What is an SME?
A
Small , medium enterprises
Fewer than 250 employees and less than £50 million turnover
5.6million SMes in UK
2
Q
Why are SMEs important ?
A
SMEs generate work opportunities
SMEs generate tax revenue
SMEs help create new innovation
3
Q
Could the economy be successful without SMEs?
A
99% of businesses are SMEs
Without SMEs we would see high unemployment rates
