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Sagot :
A firm's business risk is determined solely by the financial characteristics of its industry is correct.
Is firm the same as company?
A company, or firm, is a type of commercial entity that operates with the goal of turning a profit by selling products and services. Firm and business or company are interchangeable terms. Corporations and sole proprietorships are just two of the many organizational forms that businesses can use.
Between a company and a firm, what is the difference?
A firm is a company that engages in the commercial sale of goods and services, typically professional services, for a profit. Contrarily, a company refers to a business engaged in any revenue-generating activity including the selling of products and services and encompasses all commercial trades and structures.
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