GENERAL KNOWLEDGE

GK

BUSINESS MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ produces goods and services for the market, but operates with the primary objective of fulfilling a social need.
A
Sole Trader
B
Social Enterprise
C
Government Business Enterprise
D
Partnership
Explanation: 

Detailed explanation-1: -All social enterprises usually adopt two main goals – the first is to generate profits, while the second is to reach its social, cultural, economic, or environmental outcomes outlined in the company’s mission.

Detailed explanation-2: -3 Different Types of Social Enterprise Business Models Community interest companies. Community enterprises and co-operatives.

Detailed explanation-3: -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-4: -Social enterprises are businesses that put the interests of people and planet ahead of shareholder gain. These businesses are driven by a social/environmental mission and reinvest profits into creating positive social change.

There is 1 question to complete.