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Small and medium-sized enterprises ( SMEs) or small and medium-sized businesses ( SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below . In the Philippines, about 90 percent of all businesses are categorized as micro businesses. These consist of enterprises engaged in industry, agribusiness and or services, whether single proprietorship, cooperative, partnership or ...
small business: an organization that is small (in employees or revenue) and may or may not have the intention to grow. Many small businesses are sole proprietor operations consisting only of the owner, but many have additional employees. Some small businesses that offer a product, process or service, do not have growth as their primary objective.
COB – Close of Business. COC – Cost of Credit [2] or Cost of Capital [3] COD – Cost of Debt [4] or Cash on Delivery. COE – Center of Excellence or Cost of Equity [5] COGS – Cost of Goods Sold. Corp. – Corporation. COO – Chief Operating Officer. CPA – Certified Public Accountant. CPI – Consumer Price Index.
GrowSari was founded in 2016, and says its B2B platform is currently used by more than 50,000 stores in over 100 municipalities on Luzon, the Philippines’ largest and most populated island.
A Statement of Assets, Liabilities, and Net Worth ( SALN) [1] is an annual document that all de jure government workers in the Philippines, whether regular or temporary, must complete and submit attesting under oath to their total assets and liabilities, including businesses and financial interests, that make up their net worth. [2]
Percentage tax is a business tax imposed on persons or entities/transactions: who sell or lease goods, properties or services in the course of trade or business and are exempt from value-added tax (VAT) under Section 109 (w) of the National Internal Revenue Code, as amended, whose gross annual sales and/or receipts do not exceed Php 3,000,000 ...
Middle-market company. A middle-market or mid-market company is one that is larger than a small business and smaller than a big business. [1] [2] Different authorities use different metrics to compare company sizes — some look at revenue, others at either asset size or number of employees [3] — with the result that different authorities ...