Types of Companies and Projects

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There are two types of companies.

1) Product based - IT company will have the concept and they invest time and money to build the product.

2) Service based - Client will have a requirement and will engage an IT company to develop an IT application

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There are two kinds of companies:

1. The product-based company are those which design and make products to sell to customers. they have great market value and a wide customer range and they largely depend on the quality of product Example: SAP, Microsoft
2. Service-based companies are those which provide service to other organizations. Their primary activity is to provide service to their client. Example: TCS, Wipro.

Coming to types of projects, there are two types of projects:

1. Fixed Bid Project: A Fixed bid project is billed for functionality using a flat amount, regardless of the number of hours and resources for work. Here, they fix the budget and time. In other words, it is duration-based.
2. Billing project: Billing projects bill the clients based on the resources are involved in that project and the number of hours they are working. It means the client will pay per hour basis.

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Companies Limited by Shares
Companies Limited by Guarantee
Unlimited Companies
One Person Companies (OPC)
Private Companies
Public Companies
Holding and Subsidiary Companies
Associate Companies
Companies in terms of Access to Capital
Government Companies
Foreign Companies
Charitable Companies
Dormant Companies
Nidhi Companies
Public Financial Institutions

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There are two types of companies
1. Product based companies
- A product-based company is a company that makes products that might or might not be related to software. However, they do need the IT department to make that product more sellable. In Simple words, Product based companies are those that create some products like Oracle, Adobe, Samsung, etc. are product-based companies.
                                                                         
2. Service based  companies
- A service-based company is the one that provides customers, clients the ultimate solution to their requirements or a service to another company. The service offered by the company is intangible and can be provided in the form of skills, amenities, and expertise

There are two types of projects
1. Fixed bid projects
- Budget and time will be fixed
2. Billing projects
- Resources working in the project will be billed to the client on the hourly basis.

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There are 2 types of companies
1. product development companies
2. Application Development companies

1. Product development companies - companies develop their own product and sell them in the market . for e.g., Microsoft , CRM
2. Application development companies - these types of companies dont have thier own product they make product according to the client requirement

Types of project
1. Fixed bid projects - in these type of projects budget and time is fixed
2.  Billing Projects - Resources working in the project will be billed to the client on hourly basis

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Product base and application based companies.

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There are two types of companies:
1.Product based company
2.Service based company

1. Product based company:
The company itself develop the projects or the applications and releases directly into the market. Example, Microsoft.

2. Service based company:
The company undertakes the needs or the requirements of the other company and develop the product accordingly. Example, Tech Mahindra, Cognizant.

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Basically there are two types of companies:-
1.Service based companies:- Service based companies are the companies, which undertakes the requirements or the need of the other companies, whether big or small & develop the product/application or software according to their requirements. for example:- Tech Mahindra, cognizant etc.

2.Product based companies:- Product based companies are the companies, which develop the product/ application or software by itself &  providing directly it to the market. For ex:- Microsoft who develop there own product/ software directly to the market itself.

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there are broadly 2 types of companies is there
1. the company that develops their own products and sale service of that product only this kind of company is being called product base company
2. the company that doesn't have their own product provide service to the other company and develop the custom project as per the client's requirements is being called a service-based company.

the service based company that implement the custom project of 3rd party company can have 2 types of project
a)fixed bid project, here the timeline and budget of the project is fixed
b)Billing Projects where time and money is not fixed the amount of time and resources are being used according to that the billing is being done

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Types of  Companies: There are two types of companies
    a. Product based companies: These companies are used to develop products which might be or might not be
                                                                           related  to software 's, but they need IT department to make the product, there are
                                                                           some  companies that worked on the product based
                                                                           
                                                                         
                                b.Service based  companies: These are the companies which is used to give the services to the products are
                                                                            called as service based companies
                                                                         
Types of projects: There are two types of projects
                           a. Fixed bid projects: Budget and time will be fixed
                           b. Billing projects : Resources working in the project will be billed to the client on the hourly basis.