Billion and Small and Medium-sized Enterprises: Difference between pages

Revision as of 21:27, 28 April 2022

(SMEs).

Companies whose headcount or turnover falls below certain limits.

Even within the EU, Member States may use different levels for domestic purposes.

Note.

The term uses 'enterprises' and not 'companies'. Of course, it might have used 'firms' or 'businesses' and so on rather than 'enterprises'.

The reason is that the overwhelming majority of enterprises are not companies but are unincorporated small businesses.

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-.
+(SMEs).
-One thousand million (1,000,000,000 or 10<sup>9</sup>).
+Companies whose headcount or turnover falls below certain limits.
-For example
+Even within the EU, Member States may use different levels for domestic purposes.
-EUR 123 billion = EUR 123,000,000,000.
-Often abbreviated to 'bn' or 'Bn'.  For example EUR 123bn.
+''Note.''
+The term uses 'enterprises' and not 'companies'. Of course, it might have used 'firms' or 'businesses' and so on rather than 'enterprises'.
-.
+The reason is that the overwhelming majority of enterprises are not companies but are unincorporated small businesses.
-Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>).
-This historical usage never became well-established in finance, and is now - for practical purposes - defunct.
+== See also ==
+* [[Challenger bank]]
+* [[Company]]
+* [[Financial reporting]]
+* [[Micro-enterprise]]
+* [[Micro-multinational]]
+* [[Mid-sized companies]]
+* [[Prompt Payment Code]]
+* [[Retail]]
+* [[Small Business Commissioner]]
-== See also ==
+[[Category:Accounting,_tax_and_regulation]]
-* [[Trillion]]
+[[Category:The_business_context]]
+[[Category:Corporate_finance]]
+[[Category:Investment]]
+[[Category:Long_term_funding]]
+[[Category:Compliance_and_audit]]
+[[Category:Ethics]]