FOUNDATIONS OF BUSINESS
6th Edition
ISBN: 9780357685594
Author: Pride
Publisher: CENGAGE L
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Question
Chapter 5.1B, Problem 3CC
Summary Introduction
To determine: The difference between service industries, distribution industries and production industries.
Introduction: Industry is the place where manufacturing procedures engaged with gathering raw materials, and making them into finished goods in industrial facilities.
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Describe the basic types of business with their inherent advantages and disadvantages.
Distinguish between a business and an industry
Describe the main determinants of industry profitability
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