Based on the most-recent figures, which of the following categories of industry classifications...

Question:

Based on the most-recent figures, which of the following categories of industry classifications has the greatest profits:

a. Financial or nonfinancial Manufacturing

b. transportation and warehousing

c. wholesale trade

d. retail trade

e. Durable goods or nondurable goods

Industry:

Industry refers to a large group of business organizations working together to earn profits. Industry is a part of economic sectors that is able to provide goods and services to the consumers. An industry can consist of only those firms that sells same kind of goods and services.

Answer and Explanation:

Based on the most-recent figures, which of the following categories of industry classifications has the greatest profits:

Amongst all the options given, industry of non-financial, manufacturing, and durable goods are the most profitable.

Explanation: non financial industries such as technology, healthcare, are most profitable.

Manufacturing industries such as chemical industries, electronics industries are most profitable.

Durable goods such as automobiles, furniture, home appliances, and others are most profitable.


Learn more about this topic:

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Industry Analysis for Business Plans

from Business Analysis Training

Chapter 4 / Lesson 6
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