Elements of an Enterprise

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  • 5 parts of every business - [1]
  • Business development - refers more to the development of opportunities for an existing business [2]. OSE talks more about business creation via Distributive Enterprise
  • An enterprise is an entity that takes on risk via inventiveness. A business is not as ambitious - it is established. [3]
  • Enterprise is organized for meeting a need, business is organized to make profit. Also, enterprise is a broad term for 'undertaking' - whereas a business is a specific undertaking for making money. [4]