Question: An industry can be defined as: Question 1 Answer a . A grouping that describes an area of the economy in which businesses share the
An industry can be defined as:
Question Answer
a
A grouping that describes an area of the economy in which businesses share the same or a related product or service
b
A grouping that describes firms that are related based on their "primary" business activity
c
A grouping that describes prospective buyers with common needs and demands, who respond similarly to a marketing action.
d
A grouping that describes the share of the market revenue controlled by an organisation.
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