Quick Answer: How Would You Define Your Industry?

How do you define an industry?

An industry is a group of manufacturers or businesses that produce a particular kind of goods or services.

Workers in the textile industry design, fabricate, and sell cloth.

Industry comes from the Latin industria, which means “diligence, hard work,” and the word is still used with that meaning..

What is industry Short answer?

Define industry. Answer: The industry refers to economic activity that is concerned with the production of goods, extraction of minerals, or the provision of services. … Industries are classified according to the raw material used, size, and ownership. Expand the abbreviation AMUL.

What are the five industry sectors?

Industry sectorsPrimary sector of the economy (the raw materials industry)Secondary sector of the economy (manufacturing and construction)Tertiary sector of the economy (the “service industry”)Quaternary sector of the economy (information services)Quinary sector of the economy (human services)

What do you mean by industry class 11?

(i) Industry Industry refers to an activity which converts raw material into useful products. Industry includes activities related to production and processing as well as activities related to rearing and reproduction of animals 01′ other living species.

What do you mean by industry class 10?

Industry refers to an economic activity that is concerned with production of goods, extraction of minerals or the provision of services.

What are the five definition of management?

Management according to Henry Fayol. Management is a science that implies the idea / ideas are 5 main function of designing, ordering, organizing, controlling and mengoordinasasi. I think management Chaster Bernard. Management is an art and a science.

What is management in simple words?

The Simple English Wiktionary has a definition for: management. Management means directing and controlling a group of people or an organization to reach a goal. Management often means the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.

How do you classify industries?

I. On the Basis of Strength of Labour:Large Scale Industry: … Medium Scale Industries: … Small Scale Industries: … Heavy Industries: … Light Industries: … Private Sector Industries: … Public Sector Industries: … Joint Sector Industries:More items…

What are the 4 types of industry?

There are four types of industry. These are primary, secondary, tertiary and quaternary.

What is MNGT?

Management is a process of planning, decision making, organizing, leading, motivation and controlling the human resources, financial, physical, and information resources of an organization to reach its goals efficiently and effectively.

Which one of the following industries is known as the sunrise industry *?

A new and growing industry especially in electronics and telecommunications is known as the sunrise industry. IT industry is called a sunrise industry as it has grown at a fast pace in last ten years.

What are the 5 principles of management?

At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.