Types of Enterprise (Junior Cert Business Studies): Flashcards

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Types of Enterprise
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Definition of enterprise

Ability to identify opportunities, take risks & turn ideas into business

3 main types of enterprise

Financial, Social, Cultural

Financial enterprise

Business focused on making profit

Primary goal of financial enterprise

Generating profit

Social enterprise

Business addressing social/environmental issues sustainably

Social enterprises & donations

Don't rely on donations

Social enterprise profits

Reinvested into social mission

Social entrepreneur

Person starting business with social goal

Cultural enterprise

Business preserving/promoting culture & arts

Enterprise Ireland role

Supports Irish businesses in manufacturing & int'l trade

Number of LEO teams in Ireland

31

Microfinance Ireland max loan

€25,000

Jobs created by SEI-supported enterprises (2004-2018)

1,345 jobs

Example of social enterprise

FoodCloud or Fair Trade

Example of cultural enterprise

GAA, Galway Int'l Arts Festival, Science Gallery Dublin

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