Business, Legal & Accounting Glossary
A basic category of business activity. The term industry is sometimes used to describe a very precise business activity (e.g. semiconductors) or a more generic business activity (e.g. consumer durables). If a company participates in multiple business activities, it is usually considered to be in the industry in which most of its revenues are derived.
A basic category of business activity. The term industry is sometimes used to describe a very precise business activity (e.g. semiconductors) or a more generic business activity (e.g. consumer durables). If a company participates in multiple business activities, it is usually considered to be in the industry in which most of its revenues are derived.
Several manufacturing enterprises together constitute an industry. Industry is the backbone of several developed and developing economies of the world. Industry is a collection of productive firms. Industry can be of several types depending on the products that are manufactured.
Industry also undergoes different stages of development like a business. Major stages in the development of industry include set up stage, early-stage, growth, brisk growth, maturity, and advance or decline stage. The size or growth of an industry can be determined by monitoring the various stages of development. By comparing the size of an industry 5 years back, one can determine whether the industry is progressing or not. Status of the industry locally, regionally, or nationwide can also be determined with the size and growth of industry.
Profit margin is the best measure of growth in profitability of any industry. Some industries survive well in small profit margins whereas some have huge profit margins. The gross profit margins along with net profit percentages provide the account of profitability of any industry.
The World changes every second. Market irrespectives of being global or local also keeps changing. It becomes mandatory for industry to keep a track of the specific trends of the market in order to plan and forecast the future. The trends can be seasonal, economic variations, or consumer behavioral changes.
There is a time to time review of government policies that sometimes aid in the development of an industry but at the same time, can also create hurdles. Lenient excise duties and property rights aid in the growth of any industry.
Industry is the most productive sector for most economies. There are several types of industries that are operational all over the world. Major industries that have captured the global economy need to be recognized. Industries are mainly divided into three levels primary industry, secondary industry, and tertiary industry.
The CEOs of the oil & gas industry gathered for a symposium on recent drilling issues in the Marcellus shale of Western Pennsylvania.
I really liked them as an industry and would continue to use them as long as they were in business.
There are many types of people that must come together in today’s society in order to turn the wheels of industry and provide the services we all rely upon every day.
book-to-bill ratio
Money Market Investor Funding Facility
Securities Act of 1933
average margin per user (AMPU)
industrial policy
NFA
primary industry
Farm Credit Bank
protectionism
price/earnings ratio
oil services industry ETF
Financial Industry Regulatory Authority
food industry ETF
fragmented industry
tertiary industry
Futures Industry Association
Securities Industry Committee on Arbitration (SICA)
sunset industry
nationalised industry
auto industry ETF
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This glossary post was last updated: 21st November, 2021 | 0 Views.