Question

Business firm are the heart of the business system explain

Answer 1

As they show how the business system works and also gives information about how to run a business properly

Answer 2

A commercial organization that operates on a for-profit basis and participates in selling goods or services to consumers. The management of a business firm will typically develop a set of organizational objectives and a strategy for meeting those goals to help employees understand where the company is headed and how it intends to get there.

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