A company is classified as a Small, Medium, and Micro Enterprise (SMME) based on criteria such as its employee count, annual turnover, and asset value. These criteria can vary by country but generally define small enterprises as having up to 50 employees, medium enterprises as having 51 to 250 employees, and micro enterprises typically having fewer than 10 employees. Additionally, SMMEs often have limited market reach and capital compared to larger corporations. Understanding these parameters helps distinguish SMMEs from larger businesses.
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