A business firm refers to
A)a subsidiary,division,or unit of an organization that markets a set of related offerings to a clearly defined group of customers.
B)a legal entity engaged in business activities solely with the intent of serving its employees without the intent of making a profit.
C)a privately owned organization that serves its customers to earn a profit so that it can survive.
D)a group of people united through contractual or corporate ownership.
E)a publicly owned organization that serves the general population.

Question

Quizplus · Accepted Answer

A business firm is a privately owned organization that operates with the goal of earning a profit in order to sustain itself. It's a commercial enterprise that provides goods or services to consumers or other businesses. Choices A, B, D, and E do not accurately describe a business firm.

A Business Firm Refers to