Advantages and disadvantages of small and medium‐sized businesses (SMEs) in the bio economy of Europe and China
SMEs of Europe: SME Europe (Small and Medium Entrepreneurs Europe) is the official business association with the function of defending the interests of small and medium sized enterprises at European level. The organization founded in May 2012 and it was done by the three Members of the European Parliament, Paul Rübig, Nadezhda Neynsky and Bendt Bendtsen. Talking about the European Commission’s definition of micro-, small and medium-sized enterprises, it is established according to the no. of employees and the annual turnover or balance sheet: (Turnover is the money taken in a particular period, and balance sheet is a statement about the assets of a company) At micro-enterprise : 10 employees and an annual turnover/balance lower €2 million. At small enterprise: less than 50 employees and an annual turnover/balance sheet lower than €10 million. At -sized enterprise: less than 250 employees and annual turnover below €50 million/ balance sheet under ...