what is the difference between company and factory?
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The main difference between Company and Factory is that the Company is a association or collection of individuals, whether natural persons, juridic persons, or a mixture of both and Factory is a facility where goods are made, or processed.
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An organisation is the larger form and generally comprises of a number of companies. Simply, a company is an organization, but an organization is not just a company. An industry is the combination of companies in same line of business. Firm, corporation and business are synonyms of "company".
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To better understand the differences between these processes, you must look at what exactly they convert. Manufacturing only converts tangible items, such as raw materials, into finished products. In comparison, production converts all types of input into finished products.
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As nouns the difference between company and group is that company is a team; a group of people who work together professionally while group is a number of things or persons being in some relation to one another.
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What is the difference between assembly and manufacturing? ... Manufacturing is the total process of producing a final product from unprocessed or semi-processed materials. Assembling is the process of assembling, putting together, a final product from finished parts or partially assembled units.
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The key difference between company and corporate is that a company is a form of business that is suitable for small businesses and entities; whereas, corporate means a form of business that is suitable for bigger businesses and entities.
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A plant is a physical establishment—factory, farm, mine, store, or warehouse that performs one or more functions in fabricating and distributing goods and services. A firm is a business organization that owns and operates plants. Some firms operate only one plant, but many own and operate several.
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Toll manufacturing can be simply defined as an arrangement, where a company with specialised equipment processes raw materials or unfinished goods for a different company. ... In contract manufacturing, the manufacturing company also provides the materials, whereas in toll manufacturing, that's the customers job.
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As nouns the difference between entity and company is that entity is that which has a distinct existence as an individual unit often used for organisations which have no physical form while company is a group of individuals with a common purpose.
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As nouns the difference between enterprise and firm is that enterprise is a company, business, organization, or other purposeful endeavor while firm is (uk|business) a business partnership; the name under which it trades.
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The key difference between service firms and manufacturers is the tangibility of their output. The output of a service firm, such as consultancy, training or maintenance, for example, is intangible. Manufacturers produce physical goods that customers can see and touch.
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Manufacturing is only a part of the overall industrial sector. There is a thin line difference between manufacturing sector and industrial sector, the latter is more organised, moreover involves systematic processing of goods and services.
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As nouns the difference between industrial and workshop is that industrial is an employee in industry while workshop is a small room where things are manufactured, or light industrial work is done.
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What is the difference between traditional manufacturing and a cottage industry? A. Manufactured products are better qually. ... Manufacturing is done on a larger scale.
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As nouns the difference between workshop and workroom is that workshop is a room, especially one which is not particularly large, used for manufacturing or other light industrial work while workroom is a room, such as a workshop or studio, where work is done.
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Key Differences In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.
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Hi, A Company is the unit to which your financial statements are created and can have one to many company codes assigned to it. A company is equivalent to your legal business organization. ... Company Codes are the smallest unit within your organizational structure and is used for internal and external reporting purposes.