Contemporary Marketing
18th Edition
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Louis E. Boone, David L. Kurtz
Chapter7: Business Markets And Buying Behavior
Section7.2: Categories Of Business Markets
Problem 1LO
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Question
explain industry evolution
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INDUSTRY:
An industry can be characterised as a certain economic sector that generates identical goods and services. Industries are frequently categorised according to the kind of goods or services they provide, the quantity of those goods or services produced, and the market demand.
Manufacturing, construction, healthcare, technology, entertainment, agriculture, and many more are examples of industries. Production procedures, supply chains, and distribution systems are just a few of the distinctive traits that are specific to each business.
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