Definition

The activity or business of a factor, which involves managing and selling goods on behalf of others.

Example

The factorship allowed the company to expand its market reach by utilizing external agents.

Conversation

I heard you started a new business venture, what is it about?

It's related to factorship, actually; I'm helping companies manage their inventory.

That sounds interesting! How did you get into factorship?

I took a course on it, and it seemed like a great opportunity to explore.

Synonyms & Antonyms

Root Explanation

Factorship → It is formed from "fact" (from Latin "factum", meaning something made or done) and "-orship" (meaning the state or condition of). The word "factorship" refers to the state or condition of being a maker or doer, particularly in a business or production context.

Memory Tip

Think of 'fact' as something that is 'made' or 'done', and '-orship' indicating a state of being. This helps you remember that 'factorship' relates to the role or condition of being a maker.

Visually Confused Words