A for-profit enterprise with the dual goals of achieving profitability and attaining beneficial returns for society is called ________.

Question

Quizplus · Accepted Answer

A for-profit enterprise with the dual goals of achieving profitability and attaining beneficial returns for society is known as social entrepreneurship. Social entrepreneurs combine the innovative and dynamic approaches of business with a social mission to create sustainable, positive change in society. Venture capitalism refers to funding provided to startup companies or small businesses that are believed to have high-growth potential. Serial entrepreneurship refers to the practice of initiating multiple new ventures, one after the other. Portfolio entrepreneurship refers to the creation of a collection of multiple business ventures and investments by an individual or organization.

A For-Profit Enterprise with the Dual Goals of Achieving Profitability