What is meant by the term 'social enterprise'?
Social enterprise simply means business activity's main focus is on benefiting the society rather than make profit for their own. For instance, hospital established by the government. Their aim is to ensure their citizen is healthy. This is usually in public sector business.
Learn More :
Enterprise
- Explain the difference between a charity and a social enterprise.
- Explain what is meant by the term "triple bottom line".
- Explain the concept of opportunity cost and give 3 examples of it.
- Using an example of a small business/recently established new business, explain how its owners overcame the three challenges - New businesses, Economic growth and Innovation.
- List 3 benefits of entrepreneurship to the economy of your country and explain why they are important.
- Explain why there are so many new business enterprises in the tertiary sector of industry, such as hairdressing and car servicing.
- What do you understand by the term "entrepreneur"?
- Explain how a supermarket could add value to the food and other stock it buys in.
- A new business selling computer software has just opened in your town. Explain 3 needs that this business will have if it is to be successful.