Types Of Enterprise

Question 1

Enterprise

Answer 1

Enterprise is the actions taken by someone who shows the initiative to take the risk of
setting up and running a business.

It is a person’s ability to
Come up with new ideas
Seize new opportunities for innovation
Turn the ideas into goals and actions

Question 2

Financial Enterprise

Answer 2

means establishing a business to make a profit by selling a product/service.
Example: Scrumdiddly’s sells ice-cream with the aim
of making a profit

Question 3

Social Enterprise

Answer 3

means putting people and the community before profit. It is owned by community members and aims to solve social, economic and environmental issues in the community to ensure a better life for community members. Any profits made are reinvested in the community.
Example: St Vincent DePaul

Question 4

Cultural Enterprise

Answer 4

exists to provide consumers with access to visual arts, theatre, traditions, film, radio, festival events.

Example: Donabate Library