Which factor distinguishes a firm from the process of buying or selling or bartering we all do occasionally?

Question

Quizplus · Accepted Answer

The factor that distinguishes a firm from the process of buying or selling or bartering is its boundary. A firm is a separate entity that defines its own boundary, whereas buying, selling or bartering are transactions between individuals or entities who do not necessarily have a defined boundary. Resources and exchange are common to both firms as well as buying or selling, and intention can also be present in both.

Which Factor Distinguishes a Firm from the Process of Buying