Question

What do you mean by a business firm?

Answer 1

firm is a business organization—such as a corporation, limited liability company (LLC), or partnership—that sells goods or services to make a profit. ... "Firm" is often used interchangeably with business, company, or enterprise.


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Answer 2

Answer:

a business firm is 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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