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

firm

noun
 
/fɜːm/
 
/fɜːrm/
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  1. a business or company
    • a law/consulting/research firm
    • an accounting/investment firm
    • They hired an engineering firm to produce a model of their device.
    • a firm of something a firm of solicitors/accountants/architects
    • She works for a firm of management consultants based in London.
    Collocations BusinessBusinessRunning 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/​cutbacks
    Sales 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 targets
    Finance
    • 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 finance
    Failure
    • 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
    Extra Examples
    • By the age of only 28 she was a partner in a top law firm.
    • the city's oldest and most prestigious law firm
    • I'm a designer at a London-based publishing firm.
    • The group hired a large PR and lobbying firm.
    • They are an investment-banking firm specializing in mergers and acquisitions.
    • She set up her own software firm.
    • The technology is now available for use by government agencies and private firms.
    • He founded a firm called Artek in 1935 to manufacture and distribute his designs.
    • He owns a local construction firm.
    • Wendy has joined the firm as director of marketing.
    • Local firms are finding it difficult to compete in the international market.
    • She hired a firm of private detectives to follow him.
    • He is the senior partner of a firm of solicitors.
    • She heads a firm of independent financial advisers.
    • 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
    • firms operating in domestic markets
    • a firm specializing in high-tech products
    • At 16 he went to work for the family firm.
    Topics Businessb2
    Oxford Collocations Dictionaryadjective
    • big
    • large
    • major
    verb + firm
    • establish
    • found
    • launch
    firm + verb
    • be based in something
    • expand
    • grow
    preposition
    • in a/​the firm
    • within a/​the firm
    phrases
    • a client of a firm
    • a firm of accountants, consultants, solicitors, etc.
    • a partner in a firm
    See full entry
    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.).
See firm in the Oxford Advanced American DictionarySee firm in the Oxford Learner's Dictionary of Academic English
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