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firm

definition

An organization, possibly as small as a single person or as large as many thousands, that produces a good and/or provides a service that it sells to the public, the government, or other firms, using the proceeds to cover its costs. Also a business, a company, or an enterprise.

Related Terms

 • analyst  • marketing  • indicative quote  • cartel  • reporting currency  • competitor  • firm price  • marginal revenue
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