Question

What are enterprises classify enterprise on the basis of ownership?

Answer 1

Classify enterprises on the basis of ownership. When a person or a group of persons are engaged in the production or distribution of goods or services which are meant mainly for the purpose of sale, it is called an enterprise. Enterprises can be classified into Private sector enterprise and Public sector enterprise

Answer 2

Answer:

Production or Procurement of Goods and Services: Business exists to satisfy the wants of the consumers. Thus, every business enterprise either manufactures the goods (pen, textbook, furniture, etc.) or acquires them from producers, to be further sold to consumers or users.