EXAMPLE:
To determine if the 20 item personality measures the two dimensions hypothesised i.e. extrovert & introvert; factor analysis is used. Remember, factor analyis a procedure and there several statistical methods that can used to perform factor analysis to detect the underlying structure or dimension of a set of data. What factor analysis does is to summarise or reduce data by identifying the underlying dimension. Refering to the example above, you will have much smaller number of items than the original variable. From the original 20 items or variables, you could end up with two dimensions or factors or variables, i.e. introvert and extrovert.