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 involves the production of tangible goods. Businesses that produce and sell tangible products such as steel and machines are part of this industry. The knowledge-based industry primarily deals with the production and sale of knowledge-based goods, while the service industry involves the production and sale of intangible services. The production sector is a more general term that includes all businesses involved in the production of goods and services.

Businesses That Produce and Sell Tangible Products Such as Steel