The classification of a company can be done based on different criteria. One of them is the economic activity. What is this classification that you should pay attention to in order to determine a company in the respective framework?
Service companies
In this context are those projects that offer specialized services focused on expert knowledge of a specific sector, for example, a law firm. This sector also includes the service companies that give so much commercial life to cities and towns: hairdressers, cleaning companies, food stores, bookstores ... Therefore, the production of a service company may or may not be linked to the marketing of a physical product. , sometimes it is a non-tangible good focused on knowledge.
Manufacturing or processing companies
This type of business is the one that is dedicated to the purchase of raw Materials which are transformed into a sales product based on the specialized work of the staff who have the specific technology to perform the procedure. In this context, by way of example, a wine company is situated. A manufacturing company carries out transformation tasks from raw materials that add value to the project. The activity of this company can be of two types: production or final consumer goods.
Commercial companies
This type of project focuses on the essence of buying and selling, in other words, it acts as a mediator between the producer and the client. They can be of two types. Commercial retail businesses are those that do business on a small scale, for example a neighborhood clothing store. Wholesale trade companies are those that buy a product in large quantities and then sell it to points of sale.
