SMB
SMB stands for "Small and Medium-sized Businesses." These are companies that maintain a limited scale in terms of employees and revenue. Typically, small businesses have fewer than 100 employees, while medium-sized businesses can have up to 500 employees. SMBs play a crucial role in the economy, contributing to job creation and innovation.
SMBs often face unique challenges, such as limited access to capital and resources compared to larger corporations. They may rely on local markets and personalized customer service to compete. Many SMBs also leverage technology and digital marketing to enhance their visibility and reach, adapting to changing market conditions.