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A firm is a business group—similar to an organization, limited legal responsibility firm, or partnership—that sells goods or companies to make a profit. A firm might describe its business by speaking the industry by which it operates. For example, the true property business, promoting business, or mattress manufacturing business are industries in which a business can exist. Because the term “business” may be interchanged with day-to-day operations as well as the general formation of a company, the term is commonly used to indicate transactions concerning an underlying product or …