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 periodicals archive ?
The Series D funding brings the total raised by Industrious to USD 222 million.
Industrious will operate The Square, a physical location within [Hines.sup.2] properties offering flexible office options, meeting and event services, food and beverage, collaborative zones and community programming.
Having successfully grown to 65 locations across 40 US cities, and counting, Industrious has the economies of scale to effectively and efficiently operate flexible workspaces across the country.
"Industrious joins our lineup of more than 40 tenants in The Mall at Short Hills that are unique to the state," said Jamie Cox, the mall's general manager.
Panozzo says: "I raced Industrious with David Hays,she was very good and I sold her as a broodmare for Aus$350.000 to Harry Mitchell of Yarraman Park, who stands I am Invincible.
In an industrious shift he shielded the defence, broke up attacks, tidied up loose balls and was always available to help Boro pass it out calmly from the back.
C&W also negotiated with Hillarys the extension of a further four leases on behalf of Industrious, meaning that the made-to-measure experts now occupy over 125,000 sq ft at the Park where quoting rental levels are between PS3.75 per sq ft and PS4.50 per sq ft dependant on size of unit, in addition to a circa 70,000 sq ft manufacturing building on nearby Spire Road.
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.
13 ( ANI ): India has been ranked one of the most industrious nations in the world, according to a recent German survey.
CHARTERED surveyors Johnson Fellows has been appointed by property company Industrious to manage lettings across the majority of its industrial estates in the Midlands.
Summary: Muscat: African club Gor Mahia has suffered a major blow after their industrious winger Moses ...
General Fiasco have had a rather industrious first quarter.

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