Types and Size of businesses

Question 1

What types of businesses are there?

1.
2.
3.
4.
5.
6.

Answer 1

by industry

by predominant facotr of production (labor, capital or material intensive)

by legal form - partnerships and corporations

by the owners - private public or cooperative

by corporate integration - group, trust, syndicate

by size - small, medium sized and large companies

Question 2

What is SME and what are relevant factors?

1.
2.

Answer 2

small and medium sized companies, acc. to definition of EU law
Relevant facotrs of a business to be treated as an SME are:
1. number of employees AND
2. EITHER revenue or total assets

Question 3

Employees and Revenue/ Total Assets of a medium sized enterprise:

Answer 3

under or 250 employees

under or 50 million EUR revenue or under or 43 million EUR total assets

Question 4

Employees and Revenue/ Total Assets of a small enterprise:

Answer 4

under or 50 employees

under or 10 million EUR revenue or under or 10 million EUR total assets

Question 5

Employees and Revenue/ Total Assets of a micro enterprise:

Answer 5

under or 10 employees

under or 2 million EUR revenue or under or 2 m EUR assets