Explore BrainMass

Explore BrainMass

    The basic functions of a firm or organization.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What are the three basic functions of a firm? Do all firms/organizations (Private, Government, Not-for-profit) perform these three functions?

    © BrainMass Inc. brainmass.com June 3, 2020, 8:54 pm ad1c9bdddf
    https://brainmass.com/business/accounting/157500

    Solution Preview

    Three basic functions of a company are to earn a profit, to be socially relevant, and to innovate. Each of these is vital to a company's success. All companies, large, small, non-profit, for profit, and governmental agency must do all three to remain solvent in today's marketplace.
    To earn a profit is vital to continuing to do business. Without having the profits, resources cannot be purchased and used, time ...

    Solution Summary

    Discussion of the three basic functions of a firm or organization and if all firms whether government, not for profit, or for profit participate in all functions.

    $2.19

    ADVERTISEMENT