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
- Nursing Assignment, SU, Malaysia The purpose of this assignment is to evaluate learners’ critical thinking skills in analyzing ethical issues related to nursing practice
- UCV4612: The plaintiffs are spouses. On 28 March 2022 the plaintiffs found out that the defendant had uploaded a posting: Civil Procedure I Course Work, MMU, Malaysia
- SBSF1103: Thinking Skill Essay, OUM, Malaysia A team of five persons is responsible for negotiating the prices of cables that suppliers provide to your company
- Business Ethics Assignment, CU, Malaysia Offering a bribe is wrong because it is an inducement to act dishonestly, to disregard one’s duties and to betray a trust
- TCP1101: In this assignment, you will implement an assembly language interpreter that will run assembly language instructions: programming Assignment, MMU, Malaysia
- LAW416: Business Law Assignment, UiTM, Malaysia Karim ordered 100 packets of gummy bears from Julie. He instructed Julie to pack 20 packets in 5 boxes to be sent
- Object-oriented development with Java Assignment, APU, Malaysia APU Cafeteria Ordering System identify a business domain for a cafeteria. Construct a software solution using an object-oriented programming paradigm to support user registration
- Corporate Finance Essay, MUM, Malaysia Based on the 5-year forecasting, identify the points in the 5-year periods where the company will need additional external financing
- ACC7102E: ACCOUNTING AND FINANCE FOR MANAGERS Assignment, UOM, Malaysia You are expected to be resourceful, innovative and creative when communicating and presenting your discussion
- Discuss one of the emotion theories in psychology which exist and how nurses experience: Psychology and sociology for nurses Assignment, OUM, Malaysia