JobDescriptionsAndDuties

What Does 'Production Company' Mean?

Category: Glossary, Type: Other

The Meaing of Production Company

The production company is an organization whose production of goods and services is entirely presented and exchanged on market in order to acquire an economic return. The production company is opposed to model of consumer company where, on the contrary, the entire production is consumed within the company itself. Production organizations are those that execute a real production activity and that are subject to rules of market provide and demand. The final objective of a production company is the exchange with other organizations or with ultimate consumers. The object of exchange can be the good or service produced. These goods can be exchanged for economic compensation only if they directly or indirectly satisfy the needs of market.

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Category: Glossary, Type: Other