Unit-1 Nature of Business

Introductory unit for the preparatory course in Commerce.

What do you mean by a business firm?

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Written on May 6, 2019 1:56:36 PM

A commercial organization that operates on a for-profit basis and participates in selling goods or services to consumers. The management of a business firm will typically develop a set of organizational objectives and a strategy for meeting those goals to help employees understand where the company is headed and how it intends to get there.