Question

Diffarence between firm organisation industry and company safgicient explanation

Answer 1

A firm is a corporation, business, or company. An sector is the market that companies operating in the same line of business create. A industry can be thought of as an even finer description; companies with similar businesses. A company, organization, and firm are all predominantly synonymous...

Companies stay efficientand competitive by keeping inventory levels down and speeding up collection of the moneys they're owed.

Answer 2

A company is called a firm when it is a partnership of two or more persons. An organisation is an organized group of people with a particular purpose, such as a business or government department. Corporation is a large company or group of companies authorized to act as a single entity and recognized as such in law.