Businesses that produce and sell tangible products such as steel and machines are part of the:
A)manufacturing industry.
B) knowledge-based industry.
C) service industry.
D)production sector.

Question

Quizplus · Accepted Answer

The manufacturing industry is involved in producing and selling tangible goods or products, such as machinery and steel. This sector is distinct from the service industry, which is involved in providing intangible services such as education and healthcare, and the knowledge-based industry, which is involved in producing and sharing information and knowledge. The production sector is a broader term that may include both manufacturing and service industries, but specifically refers to the creation of goods or services.

Businesses That Produce and Sell Tangible Products Such as Steel