Firm

A business (also known as enterprise or firm) is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.

The etymology of "business" relates to the state of being busy either as an individual or society as a whole, doing commercially viable and profitable work. The term "business" has at least three usages, depending on the scope — the singular usage to mean a particular organization; the generalized usage to refer to a particular market sector, "the music business" and compound forms such as agribusiness; and the broadest meaning, which encompasses all activity by the community of suppliers of goods and services. However, the exact definition of business, like much else in the philosophy of business, is a matter of debate and complexity of meanings.

Read more about Firm:  Basic Forms of Ownership, Classifications, Management, Organization and Government Regulation

Other articles related to "firm, firms":

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NBBJ
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... circumstances, the marketing unit of a service firm has to understand the psyche of the potential buyers and find out the prime reason for the rejection of the service ... The service firm has to come up with an appropriate strategy to remove the misunderstandings of the potential buyers ... The marketing unit of the firm should focus on promotional campaigns and communicating reasons for potential customers to use the firm's services ...
Fulbright & Jaworski
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Greenberg Traurig
... Greenberg Traurig, PA) is an international law firm headquartered in Miami, United States ... The firm was founded in Miami in 1967 by Lawrence Hoffman, Mel Greenberg and Robert Traurig ... the firm operates as Greenberg Traurig Maher LLP ...

Famous quotes containing the word firm:

    Evolution is the law of policies: Darwin said it, Socrates endorsed it, Cuvier proved it and established it for all time in his paper on “The Survival of the Fittest.” These are illustrious names, this is a mighty doctrine: nothing can ever remove it from its firm base, nothing dissolve it, but evolution.
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)

    A book is like a man—clever and dull, brave and cowardly, beautiful and ugly. For every flowering thought there will be a page like a wet and mangy mongrel, and for every looping flight a tap on the wing and a reminder that wax cannot hold the feathers firm too near the sun.
    John Steinbeck (1902–1968)

    Baltimore lay very near the immense protein factory of Chesapeake Bay, and out of the bay it ate divinely. I well recall the time when prime hard crabs of the channel species, blue in color, at least eight inches in length along the shell, and with snow-white meat almost as firm as soap, were hawked in Hollins Street of Summer mornings at ten cents a dozen.
    —H.L. (Henry Lewis)