Asked by Kristine Mae Almodiel on May 12, 2024
Verified
A law firm would be considered a:
A) merchandise company.
B) manufacturer.
C) service company.
D) retailer.
Service Company
Business that provides a service.
Law Firm
A business entity formed by one or more lawyers to engage in the practice of law.
Manufacturer
Business that makes a product and sells it to its customers.
- Gain insight into the attributes, pros, and cons of different forms of business structures (sole proprietorship, partnership, corporation).
Verified Answer
SS
SadGal ShanyaMay 18, 2024
Final Answer :
C
Explanation :
A law firm provides professional services to its clients, such as legal advice and representation, rather than selling goods or manufacturing products. Therefore, it is considered a service company.
Learning Objectives
- Gain insight into the attributes, pros, and cons of different forms of business structures (sole proprietorship, partnership, corporation).