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Rzqust [24]
3 years ago
6

The business market consists of all the organizations that acquire goods and services used in the production of other products o

r services that are sold, rented, or supplied to others. List and discuss the major industries that make up the business market.
Business
1 answer:
RideAnS [48]3 years ago
4 0

Answer:

The major types of industries that make up the business market are agriculture industry, forestry industry, mining industry, manufacturing industry ; construction industry and transportation industry; communication industry, banking, finance and insurance industry.

Explanation:

a) Agricultural industry entails group of firms involving in rearing of animal and growing of both cash crop or food crop either majorly for commercial purpose / use

b) Forestry industries are group of firm who specialize in afforestation and deforestation of trees with a goal of maintaining environmental well-being, majorly for commercial purpose

c) Mining industry are industry who specialize in extraction from the soil raw materials required by other industries. Extraction like crude oil, Coal

d) Manufacturing industry are group of firm whose main objectives is to process raw material into finish good for use by the market and for commercials industry.

e) Transport industry are industry that specialize in movement of people and cargo from one destination to another through land, rail, sea or road

f) Construction industry specializes in buildings of building, roads, bridges and other structure for commercial

and personal use.

g) Communication industry specializes in enabling individual to transmit information from his end to another end.. It ranges from Media to Internet and Phone as all these fall under communication community.

h) Banking, Finance and Insurance industry are industry who accept deposit, gives loans to organisation, provide insurance cover over a particular risk, offers organisation financial advice, offers audit.

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When consumption increases, factories produce more, consequently having to expand, when they expand they hire new employees, meaning that more people have money to buy more things and boost the market.

It is almost like the balance of an ecosystem, if everything works well, the tendency is to continue improving

7 0
3 years ago
If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to
oee [108]

Answer:

C. Subsidized

Explanation:

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7 0
2 years ago
If you stop and take the time to ask yourself if you are being realistic about
mariarad [96]

The correct answer is Overconfidence bias

Explanation:

Overconfidence bias is the result of an excessive and unrealistic estimation of one's skills, knowledge, ideas, etc even to the point the individual considers himself better than others or does not have an objective perception about himself. This type of bias can lead to negative consequences, for example, by overestimating his ability to pass a test a student might choose not to study at all and then fail the test. Moreover, this can be avoided by assessing realistically one's skills, judgments, etc. According to this, the type of bias that can be avoided is overconfidence bias.

6 0
3 years ago
When coded in a WHERE clause, which search condition will return invoices when payment_date isn’t null and invoice_total is grea
tia_tia [17]

<u>Answer:</u>

Option d is the correct answer, i.e; payment_date IS NOT NULL AND invoice_total >= 500

<u>Explanation:</u>

When coded in a WHERE clause, which search condition will return invoices when payment date isn’t null and invoice total is greater than or equal to $500 then payment_date IS NOT NULL AND invoice_total >= 500 and the remaining options are wrong.

Therefore, the Option with, i.e; payment_date IS NOT NULL AND invoice_total >= 500 is the correct answer.

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2 years ago
In 2018, Alpha Company had $48,000,000 in Sales/Revenues, $15,500,000 in Costs of Goods Sold (COGS), $3,600,000 in Sales, Genera
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Explanation:

6 0
2 years ago
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