business firm

Definition

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.

Use business firm in a sentence

  • We had a really great business firm and that made us all very happy to know we were doing so well.

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  • Following my time in business school, I applied to a business firm in order to apply my business skills in the real world in order to make a living.

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  • You should try to have a good reputation as a business firm so that other companies will trust what you say.

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