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a firm is a business unit that operates under a single management.
while industry is a group of firm that produce similar products for the same market.
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∙ 12y ago
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What is the difference between firm and industry?
An industry is a type of business in the economy while a firm is a unit or entity carrying a portion of the business in an economy.
Distinguish between a firm and an industry?
A firm is an entity where as an industry is a group of firms.
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where -?
perfectly competitive industry become a monopoly， what changes
One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where?
perfectly competitive industry become a monopoly， what changes
What is the difference between core competencies and distinctive competencies?
core competency is a competitively important factor that a firm better than any other factor..where as distinct competency means an internal factor(it can be company core competency) which differentiate a firm from firm in the same industry or other industry..
What is the difference between a publicly held firm and a publicly traded firm?
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What is the difference between industry and market?
what is the differences between Industry and Market
Distinguish between industry demand and firm demand?
Industry demand is subject to genera economic conditions. Firm demand is determined by economic conditions and competition
How can I pass my accounting examination?
Distinction between firm & industry disappears
What is the difference between Semiconductors Industry and Electronics Industry?
semiconductors
Distiguish between a firm and the industry?
A firm generally thought of as one company. An industry is a generalization for the type of business in which a company engages. For example, General Motors is a company that builds cars. Automobile manufacturing is the industry.
What are some similarities between a firm and an industry?
It is very important to economy development.
