Criteria For The Labelling Of Smes - 1185 Words

on the criteria set by a particular country. The criteria for the categorization of SMEs can be scaled by looking at the company’s turnover sales, some countries look at the number of employees in the business and there are countries which perceived SMEs based on mixed criteria. In addition, global organization entities such as European Commission and World Bank also have their own views on how to identify SMEs. The European Commission states that â€Å"the criterion of the number of staff as the main criterion, however, introducing a financial criterion is nonetheless a necessary adjunct in order to grasp the real scale and performance of an enterprise and its position compared to its competitors† (European Commission: 2003, item 4). Figure 1.0 below is an illustration of SMEs definition by the European Commission. Figure 1.0: European Commission definitions on SMEs Sourced: European Commission (2005) According to Independent Evaluation Group (2008), the following quantitative criteria to identify SMEs are incorporated by The World Bank; Total assets in USD, annual sales in USD and number of employees. A particular business must met the manpower criteria and at least on financial based scale in order to be defined as SMEs. Figure 1.1 below shows the categorization made by World Bank. Figure 1.1: World Bank definition on SMEs Sourced: Independent Evaluation Group (2008) All countries in the world have the sovereignty to define SMEs based on their own business landscapeShow MoreRelatedBatik1438 Words   |  6 Pagesspecifies the raw materials to be used, the definitions of terms related to batik and its weaving process, basic design layout, care methods, quality criteria, marking and labelling of Malaysian Batik. Through the implementation of this standards, the Stars Tailor can reduce costs and increase quality of our products. As a small and medium-sized enterprises (SMEs), effective use of standards can provide a means of standing up to bigger businesses and allow Stars Tailor to benefit from the investment. Read MoreThe Transatlantic Trade And Investment Partnership3935 Words   |  16 Pagesto introduce a new labeling legislation. To address these concerns at the European level, new EU food labelling rules have come into force this Saturday, 13 December, 2014. The aim is to ensure that consumers receive clearer and more accurate information about what they buy and eat. 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In other words, after a year of investigationRead MoreGlobal Trends in Hospitality7741 Words   |  31 Pagesand in the future new build hotels are more likely to be well designed from an operations perspective. New build hotels in mature markets are likely to be designed to ll product/market niches that have not yet been exploited. There are ve basic criteria: location (see above), market segment, room design, grade, and type of stay. The Holiday Inn concept was originally designed as a roadside property, serving the travelling leisure segment, with a standard room, in the middle price range, used mainlyRead MoreEu - History, Policies and Facts5310 Words   |  22 PagesSingle European Act was signed. In 1990, after the fall of the Iron Curtain, the former East Germany became part of the Community as part of a newly united Germany. 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Some knowledge of environmental issuesRead MoreBackground Inditex, One of the Worlds Largest Fashion Distributors, Has Eight Major Sales Formats - Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home Y Kiddys Class- with 3.147 Stores in 70100262 Words   |  402 Pagesversus process dimension is relevant when it comes to methods of interorganisational verification. However, this only applies when the product-related criteria can be verified by inspecting the delivered product, and this is often not the case. Since environmental product criteria often involves process-related requirements, verification of these criteria still has to be made on-site, by the focal company and/or by a third party service provider. Therefore I cannot say that I have found significant support