service firm Meaning of "service firm"

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Definition(s):

  • (n) a business that makes its facilities available to others for a fee; achieves economy of scale

Synonym(s)

Usage(s):

  1. And he has delivered: he transformed Seoul Securities from a mom-and-pop retail shop to a full-service firm with investment-banking and money-management arms.
  2. One creditor in the Enron bankruptcy was a local lock-and-safe company; another was an airport car-service firm.
  3. Among stocks trading in Hong Kong, Theleen especially likes the well-run Hong Kong Shanghai Bank and Li Fung, a service firm helping foreign businesses set up in China.
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incendiary
/ɪn ˈsɛn di ɛ ri /