SOCIAL ENTREPRENEURSHIP
DEFINITION OF SOCIAL ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A Social Enterprise sole goal is to maximize profits.
|
|
|
Social Enterprises focuses on generating profit while taking care of its people and/or the environment.
|
|
|
A Social Enterprise solely relies on grants and donations to run their operations.
|
|
|
A Social Enterprise is not allowed to make profits.
|
Detailed explanation-1: -A social enterprise is an operator in the social economy whose main objective is to have a social impact rather than make a profit for their owners or shareholders.
Detailed explanation-2: -A social enterprise or social business is defined as a business with specific social objectives that serve its primary purpose. Social enterprises seek to maximize profits while maximizing benefits to society and the environment, and the profits are principally used to fund social programs.
Detailed explanation-3: -The sustainability of a social enterprise, and its ability to maximise social outcomes, is therefore dependent on it being commercially successful – in it being profitable. The more profitable a social enterprise is, the more it can invest in activities and resources that create social benefit.
Detailed explanation-4: -“Social enterprises trade to tackle social problems, improve communities, people’s life chances, or the environment. They make their money from selling goods and services in the open market, but they reinvest their profits back into the business or the local community. And so when they profit, society profits.”