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Types of Enterprises
JC-Types and forms of enterprises
| Question | Answer |
|---|---|
| Another name for an organisation | Enterprise |
| Ability to show initiative by taking on risky task or venture | Enterprising |
| An enterprise whose main objective is to make a profit | Financial enterprise |
| A business set up to provide essential services to its local community or address issues affecting the local community | Social enterprise |
| An enterprise set up to promote culture, heritage and the arts | Cultural enterprise |
| A person who owns and runs his/her own business | Sole trader |
| 2 or up to 20 people that carry on a business together with purpose of making a profit | Partnership |
| 1 or up to 149 shareholders start a new business together with limited liability | Private limited company |
| An arrangement where 1 person is given permission to set up a branch of another person's business in return for a fee/percentage of their sales | Franchise |
| Organisation formed by people with a common interest who join together to achieve a common objective that they could not do themselves | Co-operative |
| An organisation set up to provide an essential or charitable service in some area of life | Not-for-profit organisation |
Created by:
MJKG
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