BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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consists of a group of establishments primarily engaged on producing or handling the same product or group of products or in rendering the same service
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wholesalers
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industry
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retailers
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production
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Explanation:
Detailed explanation-1: -An industry consists of a group of establishments primarily engaged in producing or handling the same product or group of products or in rendering the same services.
Detailed explanation-2: -A monopoly * is exclusive control over a product or the means of producing it. Monopolies are not permitted in a free enterprise system because they prevent competition.
Detailed explanation-3: –Service industries provide nonfinancial and financial services to the public.-Distribution industries include retailing, wholesaling, transportation, and communications.–Production industries include construction, mining, and manufacturing.
There is 1 question to complete.