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

    250 to 300 words with proper reference.

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    What are the three basic functions of a firm? Do all firms/organizations (Private, Government, Not-for-profit) perform these three functions?
    The first function of any firm is production or acquiring inputs that the firm intends to sell, the second function of the firm is to market and sell its output or the products that it has obtained and the third function is to finance the firm's activities of acquiring and selling or the controlling the financial resources of the firm.
    In general all organizations perform these three functions. The nature of the ...

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    This answer provides you an excellent discussion on the three basic functions of a firm

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