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 ?
According to these differences, Lans, Gulikers, and Batterink (2010) divided entrepreneurial intention into three categories: classical (entrepreneurs), alternative (enterprisers through inheritance or acquisition), and intrapreneurial (enterprisers through internal promotion).
McFate does not see mercenaries and enterprisers in the same light.
Smart TV provides a market opportunity that various enterprisers participate, who are not inherent financial sources of existing broadcasting enterpriser 25.
(46) In that context, the interviewees remained either economic operators or enterprisers, but their customers, being consumers, were neither.
For my part, Billingham town centre has been in the doldrums for far too long, and it is heartening to see that some enterprisers have confidence in our future.
We are very interested to support young enterprisers. It is a big challenge to introduce a mechanism that promotes the development of SMEs.Could the euro crisis affect the commercial cooperation between Germany and Saudi Arabia?
Extreme Networks' approach to the next generation data centre infrastructure provides intelligence for virtualization, converged storage and software defined networking, 20 terabit scale and an open systems approach that lets enterprisers grow their networks with best-of-breed technologies to adapt to the needs of virtualization, mobility and in dealing with Big Data.
We say we need to create 100,000; 200,000, 500,000 jobs; actually what we should be saying is we need to create 100,000 new little enterprisers. That is where the focus should be because those are the ones who are going to create the jobs.
Provision of cheap microfinance to the small enterprisers and individuals to assists them and help them to earn their livelihood in respectful manners.
A French Rafale M combat aircraft performs a catapult-assisted launch from the flight deck of USS Enterprisers. (U.S.
Yet while the educational system has nailed the process of developing the best learners, America is still in the dark about cultivating gifted enterprisers. This could explain why there is such an oversupply of innovation and an undersupply of entrepreneurship.
Previously, the FSC already permitted the offshore banking units (OBU) of domestic banks to undertake renminbi-related businesses for Taiwanese-invested enterprisers in the mainland.

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