Which of the following best describes the APEC definition of a Small and Medium$-$sized Enterprise $($SME$)?$

Group of answer choices

Organizations with less than $200$ branches or subsidiaries operating in APEC nations.

Enterprises generating an annual revenue of less than $$200$ million in the Asia$-$Pacific region.

Companies with less than $200$ shareholders in the Asia$-$Pacific region.

Businesses employing fewer than $200$ individuals within the APEC member countries.