Manufacturing businesses can be classified according to their production process, such as:
1. **Type of goods produced:** Businesses can be categorized based on the types of products they manufacture. For example, some businesses may produce automobiles, while others may focus on electronics or textiles.
2. **Scale of production:** Companies can be classified based on the volume of goods they produce. Small-scale businesses may produce limited quantities, while large-scale enterprises operate on a mass production level.
3. **Use of machinery:** Businesses can be differentiated by the extent to which they rely on machinery in their production processes. Some companies may use automation and advanced machinery extensively, while others may rely more on manual labor.
4. **Technology adoption:** Another classification criterion is the level of technology adoption in manufacturing processes. Businesses embracing cutting-edge technologies like robotics and AI are categorized differently from those using traditional methods.
By considering these factors, one can classify manufacturing businesses effectively based on their production methods and strategies.
