Enterprise (in business) is the process by which an entrepreneur capitalises on a business opportunity: from startup, to growth and eventually establishing a sustainable business. […]
Category: Business Tutorials
Get business-savvy skills with a variety of related tutorials, including management, finance & accounting, and planning.
What is the Tertiary Sector?
The tertiary sector comprises businesses that provide services to the economy, especially for households. Products from the secondary sector feed into the tertiary sector, enabling it to function. […]
What is the Secondary Sector?
The secondary sector comprises businesses that receive raw materials from the primary sector and convert them into value-added products, otherwise known as manufacturing. […]
What is the Primary Sector?
The primary sector comprises businesses that extract raw materials from the earth. This is typically via mining or harvesting. […]
Opportunity Cost
Opportunity cost is the figurative cost incurred when money is invested in a specific opportunity versus other available alternatives. […]
Enterprise: as a factor of production
Enterprise is starting and steering a project from a potential solution to a commercial problem and into a profitable, successful, sustainable business. […]