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Describe the four main types of profit making business enterprise?
Wiki User
∙ 9y ago
The four types of profit making business enterprise are sole trader, partnership savings, company loans, and franchise profits. All of these types of enterprises contribute to the finances of businesses.
Wiki User
∙ 9y ago
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What is the difference between an organisation and enterprise?
An organization is basically any collection of people, whether for profit or non profit. An enterprise is usually a business, for profit organization.
Can you differentiate between profit and non-profit making business?
any business u making money more than your expenses thas is profit otherwise loss
What is profit making organization?
A profit making organisation is usually seen as a commercial enterprise where making a profit - ie where income exceeds costs - is an important goal. This could be a car manufacturer, a garage or a driving school. Each sells a product or service at a market rate to a paying customer.
What are profit making businesses?
Those organisations whose only motivation is to make profit are called profit making business houses. In fierce competition scenario, these business houses fight for their share of profits by any means - be it in honest or fradulent means.
What is called to people that start a new business to make profit?
entrepreneur : a person who organizes and manages any enterprise, esp. a business, usually with considerable initiative and risk.
Is profit making the primary goal of any business enterprise and why?
Yes, profit making is the primary goal of business. It is the reason businesses exist. If they don't make a profit, they will not survive.
The reasons why the financial activities of a business enterprise must be record?
So that we can plan for the future of the enterprise or business. We can take steps from which our organization can become more profit making etc
What are the types of business enterprise?
A business enterprise is an entity that engages in activities to produce goods or services with the goal of making a profit. There are many types of business enterprises, including corporations, cooperatives, and partnerships.
What are the types of enterprise?
A business enterprise is an entity that engages in activities to produce goods or services with the goal of making a profit. There are many types of business enterprises, including corporations, cooperatives, and partnerships.
Describe the purpose of communication in business?
To promulgate the organisation's interest whether those are profit or non profit making interests.
What is the difference between an organisation and enterprise?
An organization is basically any collection of people, whether for profit or non profit. An enterprise is usually a business, for profit organization.
What is a good sentence with enterprise in it?
enterprise = imagination/resourcefulness; The school showed enterprise in its attempt to attract pupils. enterprise = business/company/firm: A fan club should be a service rather than a profit making enterprise. enterprise = undertaking/endeavor: Opening a new cafe in town is a risky enterprise.
What risk their savings in a business venture in a free enterprise system?
the potential profit
Can you differentiate between profit and non-profit making business?
any business u making money more than your expenses thas is profit otherwise loss
What is meant by private enterprises?
A private enterprise is a business run for-profit and not owned by a government.
What economic system does the U.S. use?
Free Enterprise It is not Capitalism A Free Enterprise System is when you have the right to run a business to make a profit with limited interference from the government.
What are the basic type of financial statmentsprepared by business enterprise?
Profit & loss account and balance sheet
