All Leaving Cert Business posts
  • avatar image

    Is this an acceptable answer for defining the term Enterprise? jamielovesmusic123

    Enterprise is people coming up with new ideas and putting those ideas into action or a business reality?

    Thanks.

    1. avatar image

      Roberto Mane

      Enterprise is the factor of production which combines the other factors of production(Land,Labour and Capital) to produce goods/services,bearing the risks involved.The reward for Enterprise is,hopefully,a profit.

      Hope this helps.

    2. avatar image

      JohnathanB

      Enterprise is the human activity which provides the initiative and carries the risk both financial and personal when setting up a business. It is spotting a niche in the market and combining the factors of production (Land, Labour, Capital) to fill that gap in the market for a reward of profit.

      e.g Mark Zuckerberg showed enterprise when he set up Facebook, a social networking site.

    3. avatar image

      jamielovesmusic123

      Thanks All :)

    4. avatar image

      Me

      Share files from your computer
      loader