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Small And Medium-sized Enterprises
Small and medium-sized enterprises (SMEs, also small and medium enterprises) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The abbreviation "SME" is used in the European Union
European Union
and by international organizations such as the World Bank, the United Nations and the World Trade Organization
World Trade Organization
(WTO). Small enterprises outnumber large companies by a wide margin and also employ many more people
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Business
Business
Business
is the activity of making one's living or making money by producing or buying and selling goods or services.[1][2][3][4] Simply put, it is any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.[5] The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.Anyone carrying on an activity that earns them a profit is doing business or running a business, and perhaps this is why there is a misconception that business and company is the same thing. A business name structure does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for all debts incurred by the business
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Small Business Administration
The Small Business Administration
Small Business Administration
(SBA) is a United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration
Small Business Administration
is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". The agency's activities are summarized as the "3 Cs" of capital, contracts and counseling.[3] SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008
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Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the State. (Areas of the economy controlled by the state are referred to as the Public Sector).Contents1 Employment 2 Diversification 3 Regulation 4 See also 5 ReferencesEmployment[edit] The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation
International Finance Corporation
(part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector.[1] Diversification[edit] In free economy countries, such as the United States
United States
of America, the private sector is wider, and places fewer constraints on firms
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Revenue
In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue
Revenue
is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees.[1] Revenue
Revenue
may refer to business income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, in the balance statement it is a subsection of the Equity section and revenue increases equity, it is often referred to as the "top line" due to its position on the income statement at the very top
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Switzerland
Switzerland
Switzerland
(/ˈswɪtsərlənd/), officially the Swiss Confederation, is a federal republic in Europe. It consists of 26 cantons, and the city of Bern
Bern
is the seat of the federal authorities.[1][2][note 1] The country is situated in Western-Central Europe,[note 4] and is bordered by Italy
Italy
to the south, France
France
to the west, Germany
Germany
to the north, and Austria
Austria
and Liechtenstein
Liechtenstein
to the east. Switzerland
Switzerland
is a landlocked country geographically divided between the Alps, the Swiss Plateau and the Jura, spanning a total area of 41,285 km2 (15,940 sq mi) (land area 39,997 km2 (15,443 sq mi))
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Federal Statistical Office (Switzerland)
The Federal Statistical Office (FSO) is a Federal agency of the Swiss Confederation. It is the statistics office of Switzerland, situated in Neuchâtel
Neuchâtel
and attached to the Federal Department of Home Affairs.[1] The Federal Statistical Office is the national service provider and competence centre for statistical observations in areas of national, social, economic and environmental importance. The FSO is the main producer of statistics in the country and runs the Swiss Statistics data pool. It provides information on all subject areas covered by official statistics. The office is closely linked to the national statistics scene as well as to partners in the worlds of science, business and politics
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Industry Canada
Department responsible forCRTC Copyright Board of Canada Canadian Intellectual Property Office Regional Economic Development AgenciesJurisdiction CanadaEmployees 6,104 (2006)Annual budget CAD$ 4.9 billion (2015)[1]Ministers responsibleNavdeep Bains Kirsty Duncan Bardish ChaggerDeputy Minister responsibleJohn KnubleyWebsite www.canada.ca/en/innovation-science-economic-development.html Innovation, Science and Economic Development Canada
Innovation, Science and Economic Development Canada
(French: Innovation, Sciences et Développement économique Canada), or ISED, formerly Industry Canada, is the department of the Government of Canada with a mandate of fostering a growing, competitive, and knowledge-based Canadian economy.[2] The Department headquarters are located at the C.D. Howe Building
C.D

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United States
Coordinates: 40°N 100°W / 40°N 100°W / 40; -100 United States
United States
of AmericaFlagGreat SealMotto:  "In God
God
We Trust"[1][fn 1]Other traditional mottos  "E pluribus unum" (Lat
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Small Business
Small businesses are privately owned corporations, partnerships, or sole proprietorships that have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry. Small businesses range from fifteen employees under the Australian Fair Work Act 2009, fifty employees according to the definition used by the European Union, and fewer than five thousand employees, to qualify for many U.S. Small Business Administration programs
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European Union
The European Union
European Union
(EU) is a political and economic union of 28 member states that are located primarily in Europe. It has an area of 4,475,757 km2 (1,728,099 sq mi), and an estimated population of over 510 million. The EU has developed an internal single market through a standardised system of laws that apply in all member states
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Small Office
Small office/home office
Small office/home office
(or single office/home office; SOHO) refers to the category of business or cottage industry that involves from 1 to 10 workers. In New Zealand, the Ministry of Business, Innovation and Employment (MBIE) defines a small office as 6 to 19 employees and a micro office as 1-5.[1]Contents1 History 2 Professions 3 See also 4 References 5 Further reading 6 External linksHistory[edit] Before the 19th century, and the spread of the industrial revolution around the globe, nearly all offices were small offices and/or home offices, with only a few exceptions. Most businesses were small, and the paperwork that accompanied them was limited. The industrial revolution aggregated workers in factories, to mass-produce goods
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CEA-PME
CEA-PME (Confédération Européenne des Associations de Petites et Moyennes Entreprises) is a Brussels-based business federation which currently counts 15 European associations of small and medium enterprises (SME) among its members and maintains relations with 11 partner associations in Europe, Asia, Australia and New Zealand. The Confederation's president is Mario Ohoven
Mario Ohoven
since 2004. CEA-PME was founded in 1992 and was registered in Belgium in 2004. It represents the interests of its members towards the institutions of the European Union
European Union
and offers its members services in the field of public relations. From 2006 to 2008, CEA-PME has coordinated a research project to the benefit of SME associations, which was co-financed by the EU and is entitled InCaS - Intellectual Capital Statement
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Hidden Champions
Hidden champions
Hidden champions
are relatively small but highly successful companies that are concealed behind a curtain of inconspicuousness, invisibility, and sometimes secrecy. The term "Hidden Champions" was coined by Hermann Simon
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Digital Object Identifier
In computing, a Digital Object Identifier or DOI is a persistent identifier or handle used to uniquely identify objects, standardized by the International Organization for Standardization
International Organization for Standardization
(ISO).[1] An implementation of the Handle System,[2][3] DOIs are in wide use mainly to identify academic, professional, and government information, such as journal articles, research reports and data sets, and official publications though they also have been used to identify other types of information resources, such as commercial videos. A DOI aims to be "resolvable", usually to some form of access to the information object to which the DOI refers. This is achieved by binding the DOI to metadata about the object, such as a URL, indicating where the object can be found. Thus, by being actionable and interoperable, a DOI differs from identifiers such as ISBNs and ISRCs which aim only to uniquely identify their referents
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National Diet Library
The National Diet
National Diet
Library (NDL) (国立国会図書館, Kokuritsu Kokkai Toshokan) is the national library of Japan
Japan
and among the largest libraries in the world. It was established in 1948 for the purpose of assisting members of the National Diet
National Diet
of Japan
Japan
(国会, Kokkai) in researching matters of public policy
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