Business Enterprise

Posted in Finance, Accounting and Economics Terms, Total Reads: 815

Definition: Business Enterprise

Business Enterprise is any trade used to create wealth through its resources and exploiting changes. Today an enterprise is not only confined to traditional ways of doing business but is constantly taking entrepreneurial challenges coming out of issues of social, economic and environmental change.  All the following business settings can be termed as Business Enterprises:
  • Small & Medium-sized Enterprises (SMEs)
  • High-growth companies
  • Family businesses
  • Corporate institutions with an entrepreneurial mindset
  • Consulting and advisory firms
  • Economic and business development agencies
  • Social and community enterprises

While Business enterprise is set up purely for profit purposes there is one more kind of enterprise called Disadvantaged Business Enterprise (DBE). DBE is also for profit but in these enterprises at least 51percent ownership lies with one or more individuals who are both socially and economically disadvantaged.


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