The role of Small and Medium Enterprises (‘SMEs’) in the Malaysian economy is undoubtedly important: Introduction to Business Ethics and Values Assignment, LUC, Malaysia

School

Lincoln University College (LUC)

*We aren't endorsed by this school

Assignment Type

Individual Assignment

Subject

Introduction to Business Ethics and Values

Uploaded by Malaysia Assignment Help

Date

08/02/2023

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%).

Stuck in This Assignment? Deadlines Are Near?

Get Help By Expert

If you are looking for the best dissertation writers, look no further than Malaysia Assignment Help. With a team of experienced, passionate writers, they offer professional services that go above and beyond simply providing quality written content. From extensive research to knowledge on best practices in formatting and structuring your document, they have every aspect of dissertation writing covered. Aside from their expertise in crafting top-notch essays, they can also advise on topics and strategies to make your paper stand out.

Answer

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now
Convincing Features
Plagiarism Free Report
On-Time Delivery
Native Writers
A+ Quality
100% Confidential
24*7 Online Assistance

Get these features included in Your Assignment

Get Assistance for Assignments, online Exam, and Projects Writing