business firm
- noun
- /ˈbɪz.nɪs fɜrm/
- In the final analysis, it is the behavior of the business firms and their workers that determines fine economic outcomes in any economic system.
- small business firm
- management of business firm
Examples
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To remain competitive in a global environment, business firms will have to disregard ethics and social responsibility.
Academic text (2013) -
The local business firm has been expanding its operations to meet increasing demand.
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Small business firms are able to market their goods and services to a larger population
Academic text (2011) -
Indeed, we observe a large number of different types of business firms in the West.
Academic text (1992) -
Last, but not least, we owe much to the 60 business firms and key personnel participating in this study.
Academic text (1990) -
The resulting behavioral pattern of business firms is found in all of the socialist countries.
Academic text (1991) -
Cluster B examines the importance of the customer, the nature and structure of the business firm, and management practices.
Academic text (1995) -
The uncertainty and insecurity that have always characterized competitive business firms have come at last to American lawyers.
Academic text (1997) -
Business firms had no choice but to adjust to neoliberal reform even without an overarching strategic framework.
Academic text (1998) -
An implication is that the value of labor participation to the employees of business firms is worth less than the costs to their contractual partners of providing it.
Academic text (1992)
Synonyms
A business that makes and sells things or offers services for money
A company or shop and the people who work there
A company that provides professional services like lawyers or accountants
A company that is legally created to do business
An organization that sells goods or services to make a profit
A group that sells things or provides services and has people working in it
A company that sells goods or provides services, including its people
How Big
Surface Forms
Morphology
Both constituents 'business' and 'firm' individually denote a company or commercial organization, so the compound 'business firm' has a directly compositional, synonymous meaning. This near-redundant combination follows regular noun-noun compounding patterns found cross-linguistically, so a B1 learner who knows the parts will readily understand it.
Etymology
Business firm joins business (the work of buying and selling) with firm (an old word meaning 'strong' or 'steady') to create the image of a steady, organized company. So it means 'a company or organization that sells goods or services'.