Company-financed

Company-financed is paid for by a company. In the context of testing, in this form, industrial organizations buy test services from independent test laboratories to secure the mark (certificate, seal, label) of the laboratory for their product(s).

Definition

According to the Juran's Quality Handbook by Defeo (7th edition) ,

Company-financed. Paid for by a company. In the context of testing, in this form, industrial organizations buy test services from independent test laboratories to secure the mark (certificate, seal, label) of the laboratory for their product(s).