An intermediate good is one that is sold to a firm and then bundled or processed with other goods for sale at a later stage.
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business firm is made up of one or more physical locations that are all owned by the same person and share the same EIN (EIN).
The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it can also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
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