Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN: 9780134492513
Author: Kotler, Philip, Armstrong, Gary (gary M.)
Publisher: Pearson Higher Education,
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explain industry evolution

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INDUSTRY:

An industry can be characterised as a certain economic sector that generates identical goods and services. Industries are frequently categorised according to the kind of goods or services they provide, the quantity of those goods or services produced, and the market demand.

 

Manufacturing, construction, healthcare, technology, entertainment, agriculture, and many more are examples of industries. Production procedures, supply chains, and distribution systems are just a few of the distinctive traits that are specific to each business.

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