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small to medium enterprise (SME)

1) SME (small-to-medium enterprise) is a convenient term for segmenting businesses and other organizations that are somewhere between the "small office-home office" ( SOHO ) size and the larger enterprise . The European Union has defined an SME as a legally independent company with no more than 500 employees.

2) SME also stands for the Society of Manufacturing Engineers.

This was last updated in March 2011

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