Research Article
A Prioritization Model of Strategies for Small and Medium Firms in Less-Developed Countries: A Tanzania Case
Table 1
SME definitions used by multilateral institutions.
| Institution | Number of employees | Turnover (euro) | Micro | Small | Medium | Micro | Small | Medium |
| World Bank | 1–9 | <50 | 50–249 | Maximum 15,000,000 | Asian Development Bank | No official definition, apply, only definitions of individual national governments. | African Development Bank | 1–9 | ≤50 | Nil | Nil | EU | Nil | <50 | 50–249 | <€2 million | <€10 million | <€50 million | SADC & ECOWAS | 0–9 | 10–49 | 50–249 | Nil | Developed countries | 0–9 | 10–49 | 50–249 | ≤€2 million | ≤€10 million | ≤€43 million |
|
|
Note: 1euro = 1822.32USD, 2008; source: the authors have extracted from BED.
|