Firms also face different degrees of competition in markets for their products.

The primary question of “ imitability ” asked in the VRIO framework in internal analysis is that “ Do firms without a resource or capability face a cost disadvantage in obtaining or developing it compared to firms that already possess it ?” Firms with valuable and rare resources, which are hard to imitate by other firms, can gain the first-mover advantages in the market and can hence gain competitive advantage.

On July 1, 1992, in order to meet growing demand, the Chinese government opened the legal services market to foreign law firms allowing them to establish offices in China when the Ministry of Justice and the State Administration of Industry and Commerce ( SAOIC ) issued the Provisional Regulation of Establishment of Offices by Foreign Law Firms regulation.

* Firms are never too sure about the shape of their demand curve neither are they very sure about the probable response to any price change.

Firms planned spending declines at higher interest rates, thus the aggregate demand falls.

Firms operating under conditions of monopoly or imperfect competition are faced with downward sloping demand curves.

On July 1, 1992, in order to meet growing demand, the Chinese government opened the legal services market to foreign law firms allowing them to establish offices in China when the Ministry of Justice and the State Administration of Industry and Commerce ( SAOIC ) issued the Provisional Regulation of Establishment of Offices by Foreign Law Firms regulation.

Firms have greater market power when they satisfy the consumer ’ s demand for products at closer distance or preferred products.

Firms with superior software thus have an incentive to offer samples, except if their product is already well known, or if they do not want to be listed in direct competition with other products on shareware repositories.

Firms may engage in Stackelberg competition if one has some sort of advantage enabling it to move first.

Firms are even more interested in a former law clerk if the firm generally appears before the clerk's former judge.

Firms combine labour and capital, and can achieve far greater economies of scale ( when the average cost per unit declines as more units are produced ) than individual market trading.

Firms can spend as little as one or two months raising capital when they are able to reach the target that they set for their funds relatively easily, often through gaining commitments from existing investors in their previous funds, or where strong past performance leads to strong levels of investor interest.

Firms competing for overseas contracts have sometimes argued in the press for equal chances during the bidding process, such as when American oil corporations wanted equal shots at developing oil fields in Sumatra ; and firms, seeing how fairness is beneficial while competing for contracts, can apply the lesson to other areas such as internal hiring and promotion decisions.

Firms change prices when the benefit of changing a price becomes larger than the menu cost of changing a price.

The Headhunters or originally the ' Chelsea Shed boys ' can trace their roots to the late 1960s, when football hooliganism was in its infancy and along with West Ham's ' Mile End Mob ' were one of the original Football Firms.

Firms exist as an alternative system to the market-price mechanism when it is more efficient to produce in a non-market environment.

Firms must determine when lost sales due to not having product on the shelves are balanced by increased handling and storage costs.

Only on July 1, 1992, in contrast, did the PRC government open her legal services market to foreign law firms when the Ministry of Justice issued the Provisional Regulation of Establishment of Offices by Foreign Law Firms regulation.

Firms should supply their DUNS number, and notify the requester of the discontinuation of the ACASS number, when asked for their ACASS number.

Of course one needs to note that Equity capital has the highest cost in the long run, as a firm needs to demonstrate higher return on investment for its shareholders Firms can also combine the three types of financing, angel / venture, factoring and bank line of credit to further reduce their total cost of funds whilst at the same time improving cash flow.

* Holland & Knight was ranked as one of the Top 30 Midwest Real Estate Law Firms by Midwest Real Estate News.

Ranked # 2 Overall and ranked as one of the Top 3 Firms for more than a decade.

In 2009, for the second year in a row, Working Mother Magazine and Flex-Time Lawyers named Vinson & Elkins one of the " Best Law Firms for Women ," citing the firm ’ s continued focus on work-life and women-friendly policies.

On returning from their year abroad, students are required to specialise in one of the three following categories: International Relations, Economics and Firms or Public Administration.

CMKA is now one of the nation's leading Professional Investigative and Security Consulting Firms.

Firms that gain new practice areas or departments through recruiting or mergers that are more complex and demanding ( and typically more profitable ) may see the focus, organization and resources of the firm shift dramatically towards those new departments.

The firm is also recognized in various other surveys, including Vault. com ’ s 2010 review of the 20 Best Law Firms to Work For.

The firm is also recognized in various other surveys, including Vault. com ’ s 2010 review of the 20 Best Law Firms to Work For.

Firms compete by setting prices simultaneously and consumers want to buy everything from a firm with a lower price ( since the product is homogeneous and there are no consumer search costs ).

The firm is regularly ranked in Consulting Magazine ’ s annual list of the " Best Firms to Work For " and among the Top 10 in the Vault Consulting 50 rankings.

Ernst & Young was ranked No. 1 in the Forbes Magazine < nowiki >'</ nowiki > s The Best Accounting Firms to Work For in 2012, claiming that EY treats its employees better than other big firms.

Santa Clara's Law Firms Rank Schools ranked 96th with its Part-time Law ranking 48th place.

* Multicultural Law Magazine named Holland & Knight to its list of “ 100 Top Law Firms for Diversity .”

The SC never provided any professional services ( which were provided in each country by a Member Firm ) and did not pay any of its individual members ( who were partners in the individual Member Firms and received any remuneration to which they were entitled through their Member Firm ).

Yale Law Women, the largest student organization at Yale Law School, named Akin Gump to its 2007 list of Top 10 Family Friendly Firms.

* Vault, Inc. ranked Orrick number 37 in its 2009 list of Top 100 Most Prestigious Firms in the United States.

Fluor has also been ranked No. 1 in Engineering News-Record ( ENR ) magazine's 2012 list of Top 100 Design-Build Firms and No. 2 on its Top 400 Contractors list.

Firms under imperfect competition have the potential to be " price makers ", which means that, by holding a disproportionately high share of market power, they can influence the prices of their products.

Firms will produce additional output as long as the cost of producing an extra unit of output is less than the price they will receive.

Firms which prefer stability use cost-plus pricing as a guide to price products in an uncertain market where knowledge is incomplete

Firms will engage in non-price competition, in spite of the additional costs involved, because it is usually more profitable than selling for a lower price, and avoids the risk of a price war.

* Firms have market power, i. e. each firm's output decision affects the good's price ;