Quarter 2 – Module 7 Types of Industries

Question 1

It is a business that involved in agriculture, forestry, and fish culture.

Answer 1

Genetic industries

Question 2

Is it businesses involved in the extraction of goods from natural resources which include mining, lumbering, hunting, and fishing.

Answer 2

Extractive industries

Question 3

Those are convert raw materials into finished products. Examples of these are firms engaged in the manufacture of drugs, plastics, food, liquor, footwear, motor cars, tools, office supplies, household appliances, and many others.

Answer 3

Manufacturing industries

Question 4

Consist of firms engaged in building infrastructures like airports, seaports, dams, and highways. Those involved in the construction of dwelling houses are included.

Answer 4

Construction industries

Question 5

The agricultural sector has been an important component of the Philippine economy. It has been a major source of employment to millions of Filipino workers and it contributed one third of the of the country’s Gross Domestic Product in 1970’s

Answer 5

Agribusiness

Question 6

Retail includes the sale of merchandise from a one point of purchase directly to a consumer who tends to utilize that product. The single purchase could be a brick- and-mortar retail store, a catalog, an internet shopping website, or even a mobile phone.

The retail activity is at the last point of the chain. Manufacturers sell huge quantities of goods to retailers, and retailers tends to sell those same quantities of goods to customers.

Answer 6

Retail

Question 7

A service industry is any industry that produces value that is primarily intangible such as advice, consultation, customer service, knowledge, management, data and experiences. Advanced economies are undergoing a long term shift whereby service industries are turning into a larger component of economic output similar to other industries such agriculture and manufacturing.

Answer 7

Service

Question 8

The processing of raw materials into finished goods through the use of equipment,tools and processes. Manufacturing is process that allows enterprises to sell finished products at a price over the cost of the raw materials used.

Answer 8

Manifacturing

Question 9

The exchange of services and goods from one country to another. This type of trade gives opportunity to a world economy, in which prices, or demand and supply, affect and are affected by global events.
Trading worldwide gives consumers and countries the chance to be exposed to goods and services that cannot be found to their own countries. Most of the productsthat can be found on the international market: food, water, stocks, clothes, spare parts,oil, jewelry, currencies, and wine. Services are also traded like consulting,tourism, transportation and banking. A product that is sold to the international market is an export, and a product that is bought from the international market is an import

Answer 9

International Trade