WEEK 4 Flashcards
- large-scale business activity or a type of productive manufacture or trade.
INDUSTRY
3 MAIN CLASSIFICATIONS OF INDUSTRY
● Primary Industry
● Secondary Industry
● Tertiary Industry
industries extract raw materials directly from the earth and seas.
● Primary Industry
industries process and manufacture products from raw materials
obtained by the primary industry into finished goods.
Secondary Industry
industries provide service. It includes among others, banking, health services, education, civil defense forces, delivery services, and
insurance.
Tertiary Industry
4 TYPES OF BUSINESS INDUSTRY
- Agribusiness
- Manufacturing
- Retail and Services Industry
- International Trade
associated with the large-scale business operation that dabbles in farming, processing, and manufacturing, and/or packaging and support and distribution of various agricultural products.
- Agribusiness
refers to the industry which involves the production and processing of items involved in either creation of new products or the innovation of existing products.
Manufacturing
14 Categories of Manufacturing Industry
- Engineering Industry
- Construction Industry
- Electronics Industry
- Chemical Industry
- Energy Industry
- Textile Industry
- Food and Beverage Industry
- Plastic and Rubber Industry
- Metalworking Industry
- Transport Industry
- Telecommunication Industry
- Wood Industry
- Pulp and Paper Industry
- Printing Industry
deals with the design, improvement, and installation of integrated
systems in the industry
Engineering Industry
is the branch of manufacture and trade based on building,
maintaining, and repairing structures.
Construction Industry
deals with plants/factories that manufacture computers, printed
circuit boards, semiconductors, solar panels, and electric components.
Electronics Industry
is the business of using chemical reactions to turn raw materials, such as coal, oil, and salt, into a variety of products.
Chemical Industry
includes companies involved in the exploration and development of oil or gas reserves, oi and gas drilling, or integrated power firms.
Energy Industry
also known as the apparel industry. Includes both man-made and
broad-woven fabric mills, carpet and rugs, yarn-spinning mills, non-woven fabric facilities, and tire cord and fabric products.
Textile Industry
is a complex, global collective of diverse businesses that
supply most of the food consumed by the world population.
Food and Beverage Industry
involves facilities that manufacture tires, rubber and plastic
hosing, belts gaskets and seals, rubber goods, plastic film and sheet, laminated plastic products, plastic pipe, bottles, foam products, and assorted plastic products.
Plastic and Rubber Industry
is the process of working with metals to create individual parts,
assemblies, or large-scale structures.
Metalworking Industry