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Questions and Answers
Manufacturers sell only to final consumers.
False
Service companies provide intangible products.
True
The classification of companies can be based on their size.
True
Manufacturers do not handle raw materials.
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Legal status is not a criterion for classifying companies.
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Study Notes
Manufacturing Companies
- Purchase materials from suppliers
- Transform materials into finished products
- Sell products to other businesses or directly to consumers
Service Companies
- Offer intangible products or services
- Examples include telecommunications, internet, education, healthcare, and professional consulting
Company Classification Criteria
- Activity area: distinguishes companies based on their industry or sector, such as manufacturing, services, or technology
- Size: categorizes companies according to their revenue, employee count, or assets, like Small and Medium Enterprises (SMEs) and large corporations
- Legal status: defines the company's structure and ownership, such as sole proprietorships, partnerships, limited liability companies (LLCs), and corporations
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Description
This quiz explores the different types of companies, focusing on manufacturing and service sectors. It also covers classification criteria based on activity area, size, and legal status. Test your knowledge on how companies operate and their distinctive features!
