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Clare Whetzel
Intern
11.12.2018

What The German „Mittelstand“ Is Through The Eyes of An American

In the business world, firms are classified just as cups of coffee are -- small, medium, or large. The small and medium companies are referred to together in the german language by the initialism KMU (kleines oder mittleres Unternehmen). Although a dictionary offers the translation, SME -- small and medium enterprises, which differentiates SME from large companies, the german classification of KMU has unique characteristics specific to the German market and society.

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