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A firm may go out of business due to many reasons such as retiring, forced to sell by illness, or bankruptcy. But, usually when we hear that a "a firm goes out of business.." our thoughts would immediately think bankruptcy or failing.
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∙ 13y ago
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What are the factors influencing business policy of a firm?
The factors influencing the business policy of a firm are the items written into the mission statement for the firm. A mission statement is a guide for the firm listing their goals and the way they want to conduct business.
What is large scale of production?
When a business or a firm produce large amount of production, then it is called large scale of production.
What do you call a business that controls a market and no competition?
A monopolistic firm is a firm that controls the market. This is only possible with scarce competition (little to none.) The market structure is called a monopoly when this happens.
What is business firm?
The members of a business organization that owns or operates one or more establishments.
What are the elements of business firm?
Some of the key elements of a business firm include customer segments and proper channeling. Other elements are cost structure and customer relationships.
What is a business firm with many owners who each owns shares called?
A business with many owners with each owning shares of the firm is called a corporation. Corporations can be a profit or not for profit business.
Does every business firm have business strategies?
Not every business firm but lots of them have at least one business strategies.
What is inter firm comparison?
Inter-firm comparison is where you compare your particular firm or business to that of another business who are in a similar situation
What does business -to-business firms mean?
its a firm solely devoted to work on business to business relations and loans. like a bank firm
What is To sell state run firm to individuals?
This is called privatizing, or privitization, because the firm goes from public ownership to private ownership (a person, group, or corporation).
What is to sell a state run firm to individuals?
This is called privatizing, or privitization, because the firm goes from public ownership to private ownership (a person, group, or corporation).
What are the factors influencing business policy of a firm?
The factors influencing the business policy of a firm are the items written into the mission statement for the firm. A mission statement is a guide for the firm listing their goals and the way they want to conduct business.
The business practice of looking for a firm that best practices in an area and then emulating those practices is called?
Benchmarking
When a business hires a third party firm to provide services it once offered itslef it is called?
outsourcing
What is a person called that goes in a company and shows them a better way to do business?
Business/management consultant
What is large scale of production?
When a business or a firm produce large amount of production, then it is called large scale of production.
Systems that span all functional areas and focus on executing business processes across the firm are called?
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