industry

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Industry

The category describing a company's primary business activity. This category is usually determined by the largest portion of revenue.

Industry.

An industry is a subdivision of a market sector and includes companies producing the same or similar goods and services. These companies often compete with each other for customers and investors.

For example, within the consumer staples sector, companies that manufacture household appliances, such as dishwashers and refrigerators, are part of the same industry.

The fundamentals of any single company in an industry can be measured against the industry as a whole, revealing where the company stands in relation to its peers.

industry

a branch of commercial enterprise concerned with the output of related goods or services. For example, the beer/brewing industry might be defined as all those firms that produce bitter and mild ales, lagers, stouts and elders. However, beer production might be seen also as constituting part of a wider and bigger industry, the ‘alcoholic beverages industry'which includes the production of spirits and wines as well as beer. Thus, there are specification problems with respect to how widely or narrowly a particular industry is defined. Moreover, STANDARD INDUSTRIAL CLASSIFICATIONS typically group together products on the basis of their supply characteristics, such as the use of common raw materials and manufacturing processes. This may or may not coincide with how goods and services are grouped together to define MARKETS, which requires account to be taken also of how products are seen from the point of view of buyers (that is, their demand characteristics). Thus although men's and women's' shoes are produced using the same materials and manufacturing processes, and often by the same firms, they are not considered by buyers as close substitutes, and hence, from a MARKETING point of view, they must be treated as constituting separate markets. See STRUCTURE OF INDUSTRY.

industry

a group of related economic activities classified according to the type of good or service supplied. For example, the beer/brewing industry might be defined as all those firms that produce bitter and mild ales, lagers, stouts and ciders. However, beer production might be seen also as constituting part of a wider and bigger industry, the ‘alcoholic beverages industry’, which includes the production of spirits and wines as well as beer. Thus, there are specification problems with respect to how widely or narrowly a particular industry is defined. Moreover, INDUSTRIAL CLASSIFICATIONS typically group together products on the basis of their supply characteristics such as the use of common raw materials and manufacturing processes. This may or may not coincide with how goods and services are grouped together to define MARKETS, which requires account to be taken also of how products are seen from the point of view of buyers (that is, their demand characteristics). Thus, although men's and women's shoes are produced using the same materials and manufacturing processes, and often by the same firms, they are not considered by buyers as close substitutes, and hence, from a buyer's point of view, they must be treated as constituting separate markets.

Looked at dynamically, a typical industry will grow, reach maturity (see Fig. 158 (b) -PRODUCT LIFE CYCLE entry) and, in many cases, then decline (for example, the textile, coal and shipbuilding industries in the UK). See STRUCTURE OF INDUSTRY, CROSS-ELASTICITY OF DEMAND, MARKET STRUCTURE.

References in classic literature ?
On the day following Captain Bonneville's supervision of the industrious and frolicsome community of beavers, of which he has given so edifying an account, he succeeded in extricating himself from the Wind River Mountains, and regaining the plain to the eastward, made a great bend to the south, so as to go round the bases of the mountains, and arrived without further incident of importance, at the old place of rendezvous in Green River valley, on the 17th of September.
Those who by physical or mental imbecility are disqualified from work, are thereby disqualified from being members of an industrious community; and they can be better provided for in establishments fitted for the infirm.
Why, if we were all as industrious as you, little Busy-Body, we should begin to work as soon as we could crawl, and there would be a bad thing
and when they killed a kid, or found a turtle on the shore; so that they all lived well enough; though it was true they were not so industrious as the other two, as has been observed already.
Do you suppose a hard-working and industrious woman as has lived in this street for twenty year (ten year over the way, and nine year and three-quarters in this very house) has nothing else to do but to work herself to death after a parcel of lazy idle fellars, that are always smoking and drinking, and lounging, when they ought to be glad to turn their hands to anything that would help 'em to pay their bills?
The sister, who was an industrious girl, and seldom treated herself to a bit of finery, cried her eyes out, at the loss of the necklace; looked high and low for it; but, I needn't say, didn't find it.
The Industrious Revolution: Consumer Behaviour and the Household Economy, 1650 to the Present by Jan de Vries.
Industrious Town striker Ishmael Miller tussles with Bolton's Derik Oshede, who was later red carded, and (top) reacts to a near miss late in the game 1.
Nicky Law 7 More industrious but still toiling to break beyond his strikers.
KDA) has arranged an 18,800 s/f long-term lease for the Brooklyn office of Industrious, a provider of concept office space, at 594 Dean Street in Prospect Heights.
OSell's cross-border e-commerce O2O trading fair (MRMC) helps to bring Chinese industrious clusters to global retailers.
13 ( ANI ): India has been ranked one of the most industrious nations in the world, according to a recent German survey.

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