.what type of industry consists of a large number of companies of about equal size? course hero

What are the different types of business industries?

Following are different kinds and types of Business industries or industrial. 1) Aerospace Industry. 2) Transport Industry. 3) Computer Industry. 4) Telecommunication industry. 5) Agriculture industry. 6) Construction Industry. 7) Education Industry. 8) Pharmaceutical Industry.

What is an industry?

An industry is a group of companies with similarities in the business activities they conduct and the products or services they sell. For example, some process raw materials or manufacture goods while providing specific services. As a whole, “industry” refers to the production of an economic good or service.

What are some examples of industry categorizations?

Examples of Industry Categorizations Industry Heavy vs Light Durable vs Non-durable Manufacturing vs Construction Automobile Heavy Durable Manufacturing Clothing Light Durable Manufacturing Food Services Light Non-durable Manufacturing Mining Heavy Durable Construction

What is the construction industry?

The construction industry consists of employees who build certain houses, buildings or other structures for residents, businesses or community members. It is regularly adapting to technology advancements to more efficiently build safe, quality structures.

Does the d. provide scope for an oligopoly to exist?

d. provides no scope for an oligopoly to exist.

Is the industry an important customer to the suppliers?

the industry is not an important customer to the suppliers

What is the largest business industry?

2) Transport Industry . The transport industry is one of the largest types of business industries. This industry deals with the movement of humans, things and animals by various modes of transportation. The main modes of transportation are air, land (Road and Rail) and water. The transportation industry makes the largest part ...

What is the highest technology industry?

1) Aerospace Industry. The aerospace industry is one of the highest technology industries. The aviation industry deals with manufacturing aircraft which take flights within and beyond the earth’s atmospheric area. The process of manufacturing consists of various parts such as designing, building, testing, selling and maintaining.

What is the telecommunication industry?

Telecommunication industry consists of companies which makes communication possible worldwide through mobile phones, internet, cable or wirelessly. It allows people to communicate using words, audio or video from any part of the world to any part of the world. Smartphones can send information thousands of miles away within seconds. The leading companies in the telecommunication industry are satellite companies, internet service providers, wireless operator. Wireless internet has helped other industries to generate great revenue.

What is the fastest growing sector in the telecommunication industry?

This industry includes various sub-sectors such as communication equipment, wireless communication, ad-hoc network, mobile ad-hoc network, domestic telecommunication services, foreign telecommunication services, processing products, and systems. Mobile Ad-hoc network is the fastest growing sector in the telecommunication industry. There will soon be cars on the road without human drivers.

Why are business industries important?

These types of business industries are important because of their wide applications in various sectors. Energy industry can be sub-divided into two categories renewable energy industry and non- renewable business industry. One important source of the renewable energy industry is petroleum.

What is the computer industry?

Computer industry or also known as Information Technology (IT) Industry. It includes businesses of computer hardware, developing and maintaining computer software and computer networking.

How has digital platform helped the entertainment industry?

People don’t have to put a lot of efforts to get into the limelight as they used to have. They can entertain people by sharing their stuff on YouTube and other similar platforms. Digital platform has helped to grow entertainment industry exponentially. Also with the availability of online video streaming companies like Netflix and Amazon prime has changed the way users interact with movies.

What is an industry in economics?

An industry – or sector – is the whole of all economic activities. Economics CFI's Economics Articles are designed as self-study guides to learn economics at your own pace. Browse hundreds of articles on economics and the most important concepts such as the business cycle, GDP formula, consumer surplus, economies of scale, economic value added, ...

What are the categories of industries?

The categories are grouped as to whether they are heavy or light, domestic or foreign, durable or non-durable, or manufacturing or construction industries.

What are the interactions between industries?

Interactions Between Industries. All industries use material inputs from other sectors and factor inputs from the general economy. Market Economy Market economy is defined as a system where the production of goods and services are set according to the changing desires and abilities of.

What is durable industry?

over long periods. A durable industry is one that produces goods that last a long time. For example, the automobile and aviation sectors both produce goods (cars and planes) that will be used regularly and maintained over many years.

What is the pizza industry?

For example, the pizza industry is made up of all producers who produce and sell pizza in the market. It is important to note that for a pizza maker to belong to the pizza industry, he or she must sell the product they make in the market. A person cooking pizza at home for his or her children would not fit under this description as they are not selling any products or services.

What is the definition of industries?

by companies, people, and organizations involved in the production of goods and services for a particular field. Industries are usually categorized by the goods and services. they produce. For example, the pizza industry is made up of all producers who produce and sell pizza in the market. It is important to note that for a pizza maker to belong ...

What is commodity class?

This category describes whether the sector produces a final product or raw materials#N#Commodities Commodities are another class of assets just like stocks and bonds. Most commodities are products that come from the earth that possess#N#and intermediate goods that are used in other sectors’ production processes.