Question

____ will be called as firms​

Answer 1

Company will be called as firms

Answer 2

A business organisation run by two or more people will be called a firm.

• A firm is a business organisation that is operated by two or more people. It includes all types of businesses except a sole proprietorship.
• A firm is switchable between the company but has some differences in between.
• A company includes all business organisations including a sole proprietor but a firm does not include a sole proprietor.