What do the best firms in an industry seek to identify and manage on an ongoing basis as sources to respond to their external environment? (check all that apply.

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thegent8522 thegent8522

18-08-2022
Social Studies

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What do the best firms in an industry seek to identify and manage on an ongoing basis as sources to respond to their external environment? (check all that apply.

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-08-24T20:56:47+02:00

Capabilities, resources, core competencies are the best firms in an industry seek to identify and manage on an ongoing basis as sources to respond to their external environment.

A company that offers professional services is referred to as a firm. This can be a corporation, limited liability company (LLC), or partnership. Most businesses have a single location. A commercial firm, however, comprises of one or more physical locations that are all owned by the same person and share the same employer identification number (EIN).

The term "firm" can refer to a wide range of enterprises, including finance, consulting, marketing, and graphic design firms, among others. When used in a title, "firm" is often linked with companies that offer expert legal and accounting services.

A firm is a for-profit company that offers professional services, including legal or accounting services, and is typically constituted as a partnership.
According to the philosophy of the business, companies are set up to make the most money possible.

Learn more about firm here

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