What is a firm?

Somtochukwu

A firm is an independently administered business unit which carries out productive activities i.e. production, construction or distributive activities. A firm organizes its production in a plant. E.g.  A quarry, farm, etc. Examples of firms are Benuwatts Company Limited, Ladydee Inspired Multiconcepts. It may be controlled by one man or through partnership.

Click here to download “What is a firm?” as PDF.

 

Let us connect on social media forever;

Leave a Reply

Your email address will not be published. Required fields are marked *