Enterprise

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Enterprise

A business firm.

Enterprise

A company or any other business.

business

or

firm

or

enterprise

a producer or distributor of GOODS or SERVICES. The economic form of a business consists of:
  1. a horizontal business, a business which specializes in a single activity, for example the production of bread. See HORIZONTAL INTEGRATION;
  2. a vertical business, a business which combines two or more successively-related vertical activities, for example flour milling and bread production. See VERTICAL INTEGRATION;
  3. a conglomerate or diversified business, a business that is engaged in a number of unrelated production activities, for example bread production and the supply of financial services.

See DIVERSIFICATION.

A business can take a number of ‘legal’ forms:

  1. a sole proprietorship, a business owned and controlled by a single person;
  2. a partnership, a business owned and controlled by two or more persons who are parties to a partnership agreement;
  3. a JOINT-STOCK COMPANY, a business owned by a group of SHAREHOLDERS and whose capital is divided up into a number of shares;
  4. a cooperative, a business owned and controlled by a group of workers. See WORKERS' COOPERATIVE.

For purposes of COMPANY LAW and the application of many company taxes and allowances (for example, CORPORATION TAX and CAPITAL ALLOWANCES) a distinction is made between ‘small and medium-sized’ companies and ‘large’ companies. Small and medium-sized companies (SMEs) are defined as follows (Companies Act, 1995):

  1. annual turnover of less than £11.2 million;
  2. gross assets of under £5.6 million;
  3. not more than 250 employees In 2000 there were some 3,662,000 firms in the UK, of which 80% were run by the self-employed. Most businesses are small with around 3,630,000 firms employing under 50 people; 24,600 firms employed between 50 and 249 people, while only 6,700 firms employed over 250 people. However, in terms of their contribution to gross domestic product (GDP) firms employing over 50 people contributed in excess of 75% of total output.

The total stock of firms fluctuates from year to year depending on the net balance of new start-up businesses and those businesses ceasing trading (see INSOLVENCY). Generally the total stock of firms increases when the economy is expanding (or as a result of some ‘special’ factor, e.g. the surge in newly established INTERNET businesses) and falls in a recession.

A final point to note is that with the increasing globalization of the world economy MULTINATIONAL ENTERPRISES are becoming more prevalent in economies such as the UK.

enterprise

see FIRM.
References in periodicals archive ?
Sorted confronted the man behind Grace Enterprizes, Nicholas Andreas, 35, of Winchmore Hill, North London (pictured right).
After the colloquy, which Satan manipulates to ensure his status as absolute commander and lone hero, he instructs the devils to seek to improve the environs of Hell and to keep a constant watch against their "Foe" while he seeks "Deliverance for us all: this enterprize / None shall partake with me" (PL II, 456-66).
Reducing the tax forced conferees to cut bach sharply on the enterprize zone proposal, to eliminate the family preservation assistance program, and to limit the increase in the earned income tax credit.
The report into Easton Enterprize at Colour Connex at the Linthwaite Business Centre says the proprietors have not attended to any of the items highlighted at their previous inspection.
Alternatively SEOJuice has the higher-end Powerful Small Business Package and the Professional Enterprize Package offering similar services with increased activity in all areas - for example the latter package offers 5180 plus recorded back-links per month, which can be an excellent choice for businesses where the keywords are highly competitive.
He said that trying to to keep politics out of the enterprize zone decision was going to be difficult
He also counted Pakistan Enterprize Fund and Reconstruction Opportunity Zones (expected to be taken up by the new Congress early next year) as initiatives having the potential to advance cooperation between the two countries.
The Enterprize Generator, organised by the Enterprising Communities group, is being offered to people looking to start their own business.
This software is critical in taking control of your business and focusing on the priorities of a growing enterprize.
The success doesn't minimize the importance of efforts to develop an accurate inventory of industrial and commercial land or to explore enterprize zones and other incentives.
Tickets are $20 and can be obtained at the door or in advance at Castaic Elementary, Live Oak Elementary and Castaic Middle School and at T&M Enterprize.
Two potential methods of assistance which were suggested were: federal enterprize zones on closed federal facilities and some transitional funding to help communities experiencing dramatic population losses as the result of federal facility closures.