Module 1: Exploring the Features of Businesses

Size

 

Businesses can also be classified according to their size. You can see in the table the sizes of different businesses:

Business size

Number of staff

Micro

Up to 9

Small*

Between 10 and 49

Medium*

Between 50 and 249

Large

Over 250

* Small and Medium Enterprises are known as SMEs. SMEs are very important to the Welsh economy with over 60% of Welsh companies being small or medium-sized enterprises.