MANAGEMENT

Detailed explanation-1: -Industrial goods are any goods that are bought and used for industrial and business use. They are made up of machinery, manufacturing plants, raw materials, and any other good or component used by industries or firms. Industrial goods are based on the demand for the consumer goods they help to produce.

Detailed explanation-2: -It consists of farm products such as wheat, cotton, livestock, fruits and natural products such as fish, lumber, crude petroleum etc. they also consist of component materials such as iron, yarn, cement, wires and component parts such as small motors, tires, castings.

Detailed explanation-3: -Companies that produce and sell equipment, machinery, and other capital goods for production and manufacturing.

Detailed explanation-4: -Among the most important manufacturing industries are those that produce aircraft, automobiles, chemicals, clothing, computers, consumer electronics, electrical equipment, furniture, heavy machinery, refined petroleum products, ships, steel, and tools and dies. Manufacturing is treated in a number of articles.

Detailed explanation-5: -The industrial goods sector includes companies involved with aerospace and defense, industrial machinery, tools, lumber production, construction, waste management, manufactured housing, and cement and metal fabrication.