industry

(redirected from Industri)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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 periodicals archive ?
Reportedly, Hojgaard Industri has won this contract after having participated in Banedanmark's contract award procedure.
"Our goal is to develop Alfa Laval into one of the leading global process technology companies, with a view to listing the company within five years," said Industri Kapital deputy chief executive Harald Mix.
Svedala Industri, an international group with headquarters in Malmo, Sweden, manufactures equipment and systems for the construction, mining, mineral processing and recycling industries and material handling.
Today, Trelleborg is the largest shareholder in Svedala Industri (with 49.5%) but Svedala Industri, and its component business areas, is an associate company of Trelleborg, no longer a Trelleborg subsidiary.
Industri Verktoy sells equipment for building in stone and concrete.
16 December 2011 - Swedish compressor and machinery group Atlas Copco AB (STO:ATCO A) said today it would take over the underground business of local mining and tunnelling machinery firm GIA Industri AB.
PT Ethica Industri Farmas, which runs a manufacturing facility in Jakarta, has a large portfolio as well as a deep expertise in the production of generic drugs, Fresenius said, adding that the product offering of the future JV generated over EU40m (USD53.3m) in sales in 2012.
The company contacted two international investment banks in November to discuss such a move, Dagens Industri said.
Excluding Peab Industri, sales rose 3% on the year to SEK35.140bn in 2009 and operating profit increased to SEK1.601bn from SEK1.349bn.
The deal was expected to be approved allowing the sale to Industri Kapital Group.
SOHO Industri Pharmasi(C)2013 M2 COMMUNICATIONS http://www.m2.com
31 January 2012 - Swedish industrial tools and mining equipment maker Atlas Copco AB (STO:ATCOA) on Tuesday announced it had closed its takeover of underground business GIA Industri AB from a unit of Vatterledens Invest AB.

Full browser ?