An Industry Is Defined As

question 28

Multiple Choice

An industry is defined as:

• A)all the productive capacity of the national economy
• B)a reality based on geography and not a perception
• C)a group of business units producing complementary goods and services
• D)a group of organisations producing close substitutes

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Definitions:

Probability

The likelihood or chance of an event occurring, often expressed as a number between 0 and 1.

Statistic

A numerical value that describes a characteristic of a sample of data, which can be used to estimate a population parameter.

Complexity

The state or quality of being intricate or complicated, often characterized by a large number of interdependent parts.

Physical Strain

The stress or discomfort experienced by the body due to physical activities, often leading to fatigue or injury.