Foundations of Business (Standalone Book) (MindTap Course List)
5th Edition
ISBN: 9781305511064
Author: William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
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.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
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
Chapter 5 Solutions
Foundations of Business (Standalone Book) (MindTap Course List)
Knowledge Booster
Similar questions
- How do demographic trends, such as population growth, aging populations, and urbanization, shape the business environment, and what implications do they have for businesses?arrow_forwardDiscuss the importance of business and industry. Explain the relationship between industry, commerce, and trade. Explain what commerce is and describe its component parts. Finally, discuss the importance of the formal study of business in the present era.arrow_forwardThe business market consists of four broad segments: producers, resellers, government, and institutions. What are they?arrow_forward
- Distinguish a cooperation among competitors, joint venture and merger as means of achieving strategiesarrow_forwardIn determining the purpose of existence of a business, explain 4 steps that a business goes through to achieve a competitive advantage.arrow_forwardHow does franchising differ from a traditional trading or distributorship business?arrow_forward
- Describe the three major forms of business organizations and identify the advantages and disadvantages of each form of businessesarrow_forwardconclude what there is to learn from chapter 5 in the book Foundations of Business 7 Edition by william m. pride robert j hughesarrow_forwardexplain strategic execution versus strategic planning in diversification through new business acquisitionarrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Principles Of MarketingMarketingISBN:9780134492513Author:Kotler, Philip, Armstrong, Gary (gary M.)Publisher:Pearson Higher Education,MarketingMarketingISBN:9781259924040Author:Roger A. Kerin, Steven W. HartleyPublisher:McGraw-Hill EducationFoundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- Marketing: An Introduction (13th Edition)MarketingISBN:9780134149530Author:Gary Armstrong, Philip KotlerPublisher:PEARSONContemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Principles Of Marketing
Marketing
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Pearson Higher Education,
Marketing
Marketing
ISBN:9781259924040
Author:Roger A. Kerin, Steven W. Hartley
Publisher:McGraw-Hill Education
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing: An Introduction (13th Edition)
Marketing
ISBN:9780134149530
Author:Gary Armstrong, Philip Kotler
Publisher:PEARSON
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning