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Enterprise is the activity of constructing one’s living or making money by producing or buying and promoting items or services. 1 2 three 4 Simply put, it’s any exercise or enterprise entered into for revenue. It does not mean it is a company, an organization, partnership, or have any such formal organization, but it may possibly range from a avenue peddler to Basic Motors. 5 The time period is also typically used colloquially (but not by legal professionals or public officers) to consult with an organization , but this text won’t take care of that sense of the word.
A company could describe its business by communicating the industry by which it operates. For example, the real estate enterprise , promoting enterprise or mattress manufacturing business are industries by which a enterprise can exist. Because the time period enterprise” will be interchanged with day-to-day operations as well as the general formation of an organization, the time period is often used to indicate transactions concerning an underlying services or products. For instance, Exxon Mobil transacts business in offering oil.
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