Summary
Summary Enterprise
- Course
- Institution
- Book
Summary of Enterprise.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Operations management
-
Business revenue and costs
-
Business finance
Seller
Follow
AdamSidat
Reviews received
Content preview
EnterpriseAn enterprise is when a person takes a risk to setup a business.
A business opportunity occurs when someone finds a product/service is lacking in the
market. Also, a business opportunity occurs when someone has sufficient funds available
to start a business.
Business sizes:
Micro = Fewer than 10 employees
Small = 10 – 49 employees
Medium = 50 – 249 employees
Large = 250+ employees
In the U.K there are mostly small to medium sized enterprises.
Needs – are basic necessities needed for survival. E.g., food, water, shelter
Wants – are things people desire to have. E.g., latest mobile phone, designer clothes
Opportunity cost – the cost of not choosing the next best alternative OR the next best
alternative foregone.
An entrepreneur is someone who starts and runs a business. he/she makes a product and
sells a product or a service. They also employ people and make profits.
Entrepreneurs’ motives:
Financial motives – may want to maximise profits.
Ethical stance – starting a business with the intention of helping others
Social entrepreneurship – create sustainable, profit making business that also
benefits the community
Independence and home working – want more freedom to work when and where
they please, perhaps around family or other commitments.
Provide a product or service which doesn’t currently exist in the market.
Why people want to become entrepreneurs
Control – make your own decisions
Be your own boss
Passion
Flexibility of working
Hobby
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AdamSidat. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.04. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81849 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now