A firm is a commercial enterprise, usually formed as a partnership, providing professional services such as legal or accounting services.
The theory of the firm states that firms exist to maximize profits.
Not to be confused with a firm, a company is a business that sells goods and/or services for profit and includes all business structures and transactions.
A business has one or more locations owned by the same owner and reporting the same EIN.
Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.
The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.
When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities.
The Code of Ethics sets out the ethical principles of the organization and the best practices to be followed with respect to honesty, integrity and professionalism.