A(n) ________ is a group of firms producing a similar product or service, such as computers, cars, or airplanes.
A) trade group
B) industry
C) business group
D) commerce group
E) conglomerate

Question

Quizplus · Accepted Answer

An industry is a group of firms that produce similar products or services. Other options such as trade group, business group, and commerce group are more generic terms that can refer to any group of businesses or organizations. Conglomerate refers to a corporation that includes numerous different businesses in various industries.

A(n) ________ Is a Group of Firms Producing a Similar