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Enterprises E
JC-Types and forms of enterprises
| Question | Answer |
|---|---|
| Another name for an organisation | Enterprise |
| An enterprise that promotes culture and heritage | Cultural enterprise |
| A person who owns his/her own business | Sole trader |
| A business that provides services to the local community | Social enterprise |
| A business formed by people with a common interest | Co-operative |
| 2 or up to 20 people join together to make a profit | Partnership |
| Ability to take on a risky task or venture | Enterprising |
| An organisation set up to provide charitable service to people | Not-for-profit organisation |
| 1 or up to 149 shareholders set up a business with limited liability | Private limited company |
| A business is given permission to set up a branch of another person's business | Franchise |
| An enterprise whose main objective is to make a profit | Financial enterprise |