what does focal firm mean
Answered by The Community. Making the world better, one answer at a time. A focal firm is the initiator of an International business transaction, they conceive, design and produce the offerings [goods or services] intended for consumption (Cavusgil, Knight and Riesenberger ,2008, International Business).issolution of partnership and Dissolution of firm are two different terms.Dissolution of partnership means termination of existing partnership agreement and the formation of â¦ a new agreement which can be due to any reason like admission of a new partner or death or retirement of an old partner.