Firms are more likely to effectively leverage their technologies in new markets if they identify new applications of the technology by identifying the best mode to generate profits from new markets. best, profits, new the sentence.
Generally, Firms are simply defined as the business as an essential component of any economic system in which individuals satisfy needs via the division of labor and the trade of products and services.
In conclusion, Firms are business-oriented organizations.
Read more about Business
https://brainly.com/question/10295065
#SPJ1