Social Enterprises

Question 1

What is a social enterprise?

Answer 1

a type of business that has social or environmental objectives as its primary focus, rather than prioritising profit maximisation for shareholders.

Question 2

What do social enterprises aim to do?

Answer 2

tackle societal issues or benefit communities while operating in a commercially sustainable manner.

Question 3

What are the primary objectives of a social enterprise?

Answer 3

social or environmental mission eg reducing poverty, promoting education, or addressing climate change.

Question 4

Do social enterprises make profit?

Answer 4

the majority of profits made by social enterprises are reinvested into achieving the business’s goals, rather than being distributed to owners or shareholders.

Question 5

How are social enterprises sustainable?

Answer 5

they operate as businesses, generating revenue through the sale of goods or services, but with a clear commitment to making a positive social impact.

Question 6

Give an example of a social enterprise.

Answer 6

the big issue: a magazine sold by homeless or vulnerably housed people to help them earn an income.

Question 7

What are not-for-profit organisations?

Answer 7

businesses that trade in order to benefit the community. they have social aims (eg job creation, providing community services, and fair trade), as well as trying to make money.

Question 8

What are some different types of social enterprises?

Answer 8

community development trusts, housing associations, worker-owned cooperatives, and even sports clubs.