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 ?
I am a Free Enterpriser because of what happened to me on a bright summer day in England, when I was five years old; though I own not a single stock or bond and was never engaged in pure Free Enterprise -- except once.
Analyzer & Enterpriser: The Analyzer also wants to slow things down and do them right, while the Enterpriser likes to work at 1000 rpm's.
Members of the Enterpriser program are now sharing many types of centralized engineering information with targeted intranet and Internet audiences.
Philcos Enterpriser, George Meyer, VP Business Development, 905-568-1823, gmeyer@philcos.com, P.
Similar to the MTRJ connector, the MTP cassette is actually capable of holding a much higher amount of fibers: Up to 72 fibers in some circumstance!" said Thomas Cole, commercial manager for enterpriser cables at FiberStore.
It's ' bizarre.r" A Welsh Goveo rnment spokesk -man said: "WeW havea been activei ly exploring x enhanced bus routes fromr Cardiffr to the airportr andthe Enterpriser Zone.
There is a star inventor and/or enterpriser whom we credit with the innovation, but we often forget the innovator's good fortune to have had several stellar performers or Super Mentors in his or her universe.
A total of 59% of the region's self- made business people believe that Tony Blair and company give a "low or no" priority to entrepreneurship, according to Ernst & Young's seventh annual Enterpriser survey.
The findings are part of the sixth annual 'Enterpriser Survey' carried out by Ernst & Young in advance of the launch of the Entrepreneur Of The Year 2005 awards programme, set for January.
Covisint has licensed Commerce One's MarketSite e-marketplace infrastructure system as the procurement transaction engine for the trading of all kinds of goods and services and the Enterpriser Buyer Desktop Edition for use by participants in the e-marketplace.
Chapter 6, "From Republican Citizen to Free Enterpriser, 1787-1837" (1979), shows Americans' transition from antique republicanism to modern liberalism and thereby indicates the beginning of Berthoff's fascination with the liberty/equality question.
The criticism reflects in part a split in the Republican party between the empowerment, free-market, enterpriser types and the moderate country-clubbers.

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