Introduction to Business Ethics and Values Assignment, LUC, Malaysia The role of Small and Medium Enterprises (‘SMEs’) in the Malaysian economy is undoubtedly important
University | Lincoln University College (LUC) |
Subject | Introduction to Business Ethics and Values |
The role of Small and Medium Enterprises (‘SMEs’) in the Malaysian economy is undoubtedly important. It assumes a significant role in the country’s industrialization program as it represents the largest percentage of establishments at 99.2%.
In terms of their economic contribution, SMEs contribute 32% to the Gross Domestic Product, 56.4% to the total workforce, and 19% to total exports. Based on the Census on Establishments and Enterprises 2005, there are a total of 552,849 companies in operation. Out of this, a total of 548,307, or 99.2% were defined as SMEs.
Referring to the statistics published by SMIDEC, the leading fraction of Malaysian SMEs is in the services sector (86.6%), followed by the manufacturing sector (7.2%), and final but not least the agriculture sector (6.2%). In the services sector, the majority of SMEs were in retail, (46.4%), followed by restaurants (14.2%), wholesale (9.1%), transport and communications (6.5%), and financial intermediaries (4.1%).
Whilst in the manufacturing sector, textile and apparel represent the largest sub-sector (23.4%), followed by food and beverage (15%), metal and metal products (13%), and paper and recorded media (7.2%). For the agriculture sector, the primary activities are mainly in planting, market plantation, and horticulture (65.6%), followed by fisheries (20.8%) and poultry farming (7%).
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
Get Help By Expert
At Assignmenthelper.my, we provide professional thesis writing assistance to students who are looking to achieve academic success. Our team of experienced writers is dedicated to delivering high-quality theses that meet the specific requirements of each client. We understand that writing a thesis can be a daunting task, which is why we offer a wide range of assignment writing services to help students at every stage of the writing process. From topic selection and research to editing and proofreading, we are here to ensure that your thesis is polished and ready for submission.
Recent Solved Questions
- Food Science and Technology Assignment, UMS, Malaysia A tool to estimate food intake – individual/group. The food Composition Table for the USA has been published in 1981
- Finance Assignment, APU, Malaysia Salma is considering investing in either one of the jewelry companies – Pearl Berhad or Diamond Berhad
- LAW60104: Business Law Case Study, TU, Malaysia On 14th February 2023, Peter advertised his BMW car which was actually worth RM80,000 for sale for RM66,000
- MBM3783: Social Marketing Case Study, UoTS, Malaysia A local woman claims to have been cheated of over RM1.4 mil after meeting someone online who claimed to be a South African engineer
- Prevention and Detection of Corruption and Procurement Fraud Assignment, LBS, Malaysia You have been hired as a Fraud examiner by Polaris Co to investigate Financial statement fraud in their organization
- FIN30016: Financial Accounting Report, SUT, Malaysia The size effect/premium in stock returns is the phenomenon that small-cap stocks on average outperform large-cap stocks over time
- Economics Assignment, UON, Malaysia Trade policy uncertainty in major economies increased to a historically high level in 2019 and has hardly been resolved
- Management Assignment, SU, Malaysia You must use probability concepts and decision tree analysis to help you prepare the report
- Philosophy Of Education Essay, LUC, Malaysia Vivekananda stated that ‘Education is the manifestation of the perfection already in man’. Explain with reference
- ACC4213: Strategic Cost Management Assignment, UH, Malaysia Identify and critically evaluate strategic management accounting techniques applied by two (2) companies in attaining business competitive advantage