What are SMEs for machine parts?

   date:2020-10-27     browse:2    comments:0    
Summary:SMEs for machine parts make up the vast majority of businesses in most countries. To tell the truth, some SMEs are characterized as innovative enterprises in a broad sense...
SMEs for machine parts make up the vast majority of businesses in most countries. To tell the truth, some SMEs are characterized as innovative enterprises in a broad sense. On average, they are less likely to conduct research and development activities than larger firms. But they may be more likely to innovate in other ways - through creating or re-engineering products or services to meet new market demands, introducing new organizational approaches to enhance productivity, or developing new techniques to expand sales. At present, these SMEs have the advantages of favorable price, flexibility and so on over many large-scale companies.
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Article Source: What are SMEs for machine parts?
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