Definition of firm noun from the Oxford Advanced Learner's Dictionary



BrE BrE//fɜːm//
; NAmE NAmE//fɜːrm//
Running a business
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 a business or company an engineering firm a firm of accountants CollocationsBusinessRunning a business buy/​acquire/​own/​sell a company/​firm/​franchise set up/​establish/​start/​start up/​launch a business/​company run/​operate a business/​company/​franchise head/​run a firm/​department/​team make/​secure/​win/​block a deal expand/​grow/​build the business boost/​increase investment/​spending/​sales/​turnover/​earnings/​exports/​trade increase/​expand production/​output/​sales boost/​maximize production/​productivity/​efficiency/​income/​revenue/​profit/​profitability achieve/​maintain/​sustain growth/​profitability cut/​reduce/​bring down/​lower/​slash costs/​prices announce/​impose/​make cuts/​cutbacksSales and marketing break into/​enter/​capture/​dominate the market gain/​grab/​take/​win/​boost/​lose market share find/​build/​create a market for something start/​launch an advertising/​a marketing campaign develop/​launch/​promote a product/​website create/​generate demand for your product attract/​get/​retain/​help customers/​clients drive/​generate/​boost/​increase demand/​sales beat/​keep ahead of/​out-think/​outperform the competition meet/​reach/​exceed/​miss sales targetsFinance draw up/​set/​present/​agree/​approve a budget keep to/​balance/​cut/​reduce/​slash the budget be/​come in below/​under/​over/​within budget generate income/​revenue/​profit/​funds/​business fund/​finance a campaign/​a venture/​an expansion/​spending/​a deficit provide/​raise/​allocate capital/​funds attract/​encourage investment/​investors recover/​recoup costs/​losses/​an investment get/​obtain/​offer somebody/​grant somebody credit/​a loan apply for/​raise/​secure/​arrange/​provide financeFailure lose business/​trade/​customers/​sales/​revenue accumulate/​accrue/​incur/​run up debts suffer/​sustain enormous/​heavy/​serious losses face cuts/​a deficit/​redundancy/​bankruptcy file for/ (North American English) enter/​avoid/​escape bankruptcy (British English) go into administration/​liquidation liquidate/​wind up a company survive/​weather a recession/​downturn propose/​seek/​block/​oppose a merger launch/​make/​accept/​defeat a takeover bid See related entries: Running a business Word Originnoun late 16th cent.: from Spanish and Italian firma, from medieval Latin, from Latin firmare ‘fix, settle’ (in late Latin ‘confirm by signature’), from firmus ‘firm’; compare with farm. The word originally denoted one's autograph or signature; later (mid 18th cent.) the name under which the business of a firm was transacted, hence the firm itself (late 18th cent.).Extra examples Local firms are finding it difficult to compete in the international market. She hired a firm of private detectives to follow him. She set up her own software firm. The firm employs 85 000 people around the world. The firm was taken over by a multinational consultancy. The well-established firm closed down with the loss of 600 jobs. They are likely to merge with a bigger firm. US firms operating in China a firm called Data Inc., based in Chicago a firm specializing in high-tech products start-up firms in the booming computer market the decision to close down the firm the different departments within the firm He got a job with a London engineering firm. I’m working for a firm of accountants. a firm of accountants/​consultants/​lawyers/​solicitors a/​an engineering/​law/​consulting/​insurance/​security firm a/​an old/​long-established/​old-fashioned/​reputable/​renowned firm a/​the family firm his father’s firm the city’s oldest and most prestigious law firm
See the Oxford Advanced American Dictionary entry: firm