Enterprise

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Enterprise

A business firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Enterprise

A company or any other business.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

enterprise

see FIRM.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Arrow Enterprise Computing Solutions provides enterprise and mid-range computing products, services and solutions and is a business segment of Arrow Electronics Inc (NYSE:ARW).
The shift from departmental to enterprise computing saw little resistance, at least in the realm of commodity services.
Global enterprise computing solutions third-quarter sales of USD 2.09 billion grew 3 percent year over year.
The probes address the challenges faced by test engineers working with new semiconductor and hardware designs in the mobile and enterprise computing segments, which are different from the devices they've been developing for many years.
Samsung's new flash storage devices are expected to contribute significantly to the global IT industry in meeting the growing storage requirements of today's enterprise computing environment.
The Arabian Computer News Enterprise Computing Summit 2014 kicked off this morning at the Ritz-Carlton DIFC, aiming to shed light on emerging trends within the Middle East's IT industry.
Molex (Lisle, IL) has developed the compact zCD interconnect system to support next generation applications in telecommunications, networking, and enterprise computing environments.
1, 2013, after serving at Defense Enterprise Computing Center, Mechanicsburg, Pa.
Summary: Cloud computing -- a model for delivering IT services via Internet-based resources -- is redefining the Middle East's enterprise computing landscape.
US personal computer (PC) maker Dell Inc (NASDAQ:DELL) posted a 79% year-on-year drop in first-quarter GAAP profit as PC-related sales decreased by 9% as well, thereby unveiling results that could support founder Michael Della[euro](tm)s plan to take the business private and focus on enterprise computing services.Sector: Computer HardwareTarget: Dell IncBuyer: Southeastern Asset Management Inc, Michael Dell, Silver Lake Partners, Carl IcahnDeal size in USD: 24.4bnType: Corporate acquisition, LBO, MBO, P2PFinancing: Cash & StockStatus: Agreed, BiddingComment: The USD24.4bn price refers to Dell's proposal., Icahn and Southeastern are offering USD12.00 per share or more stock.
Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''The demand for backend-as-a-service (BaaS) solutions is increasing with the increase in the number of smartphone and tablet users.

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