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what is industry
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what is industry Related: Business and Profession - Nature and Purpos...
The production side of business activity is referred as industry. It is a business activity, which is related to the raising, producing, processing or manufacturing of products.
The products are consumer's goods as well as producer's goods. Consumer goods are goods, which are used finally by consumers. E.g. Food grains, textiles, cosmetics, VCR, etc. Producer's goods are the goods used by manufacturers for producing some other goods. E.g. Machinery, tools, equipments, etc.
Expansion of trade and commerce depends on industrial growth. It represents the supply side of market.
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what is industry Related: Business and Profession - Nature and Purpos...
Industry refers to an activity which converts raw material into useful products..Nature and purpose of business are_1) an economic activity2) production or procurement of goods and services.3) profit earning4)uncertainty of risk5)dealing in good and services in regular basis
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what is industry Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11
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what is industry Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11 for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is industry Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11 covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is industry Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11.
what is industry Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11 for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is industry Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11 covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is industry Related: Business and Profession - Nature and Purpose of Business, Business Studies (BST), CBSE Class 11.
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