Enterprise

Definition

Enterprise. A functional business entity that produces and/or sells goods or services.

A business or membership organization consisting of one or more establishments under common, direct or indirect, ownership or control. An enterprise may vary in composition, ranging from a single- establishment company (for example, corporation, partnership, etc.) to a complex family of parent and subsidiary companies (or firms) under common ownership or control.

An enterprise (a private firm, government, or nonprofit organization) can consist of a single establishment or multiple establishments. All establishments in an enterprise may be classified in one industry (e.g., a chain), or they may be classified in different industries (e.g., a conglomerate).

See Also

• http://www.bls.gov/opub/hom/glossary.htm#E
• http://www.businessdictionary.com/definition/establishment.html