Describing an asset, property, business, or other entity that is legally possessed and controlled by a specific company or corporation. This ownership typically implies that the company has full rights to use, manage, and derive benefits from the asset or entity. The term often suggests a close operational relationship, meaning the company directly uses and may derive all or most of the benefit, rather than just leasing or passively owning the asset.
Company-owned meaning with examples
- The company-owned fleet of trucks ensured timely deliveries across the state. This direct control over the vehicles allowed for greater flexibility in scheduling and reduced reliance on external transportation services. The drivers are directly employed by the company, leading to a strong integration of logistics with core business operations.
- The new headquarters building is entirely company-owned. This strategic decision provides long-term cost benefits and allows the firm to adapt the space to its specific needs. The company will not pay rent for its office space, and so avoids annual lease agreements.
- She worked exclusively on the company-owned laptops and software, ensuring data security and compliance. The company mandated the use of specific devices for security. This setup allows easier control for IT management and better protection from outside threats.
- The company-owned oil wells represented a significant portion of its revenue stream. This direct source of natural resources provided resilience against market volatility and competitive advantage. They do not need to pay a third party.
- Employees who use the company-owned gym receive a subsidized rate. The company invests in health and wellness for its workers. This added benefit promotes a healthier lifestyle for employees, thereby improving workplace productivity and morale.