What is the difference between a factory and a company?

Factory representatives have production capacity, and companies are not necessarily. For example, trading companies are also companies, but they are not factories because they have no production capacity. Another place is registered by the legal representative and has passed the national certification. However, the laws and regulations on which it was established are different, and the company was established in accordance with the provisions of the national company law. The factory is obviously not like this, but it is also one of the organizational models of enterprises. In real life, there is a tendency to move closer to companies, and there are more and more companies. A company is an institution or enterprise with legal personality. The factory is just an entity and has no legal significance. The general products in the factory have great limitations, and their products are greatly influenced by their own equipment, information sources and internal and external environment. Generally, their prices are based on the cost of each factory, not necessarily the lowest price. On the contrary, the company is different. For any product, he must have several supply factories. It can collect quotations from different factories, weigh the characteristics of each factory, and give the most reasonable quotation according to the requirements of customers.