{ bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}, { bidder: 'sovrn', params: { tagid: '346693' }}, The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, and transportation.It includes hotels, restaurants and bars. Standard Industrial Classification (SIC Code), North American Industry Classification System. { bidder: 'ix', params: { siteId: '195457', size: [320, 50] }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_leftslot' }}, {code: 'ad_rightslot2', pubstack: { adUnitName: 'cdo_rightslot2', adUnitPath: '/23202586/cdo_rightslot2' }, mediaTypes: { banner: { sizes: [[300, 250], [120, 600], [160, 600]] } }, { bidder: 'ix', params: { siteId: '555365', size: [160, 600] }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, “A company which rivals another. Business growth is a function of the business lifecycle, industry growth trends, and the owners desire for equity value creation. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. { bidder: 'sovrn', params: { tagid: '705055' }}, {code: 'ad_contentslot_2', pubstack: { adUnitName: 'cdo_mpuslot', adUnitPath: '/23202586/cdo_mpuslot' }, mediaTypes: { banner: { sizes: [[300, 250], [336, 280]] } }, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, { bidder: 'ix', params: { siteId: '195452', size: [300, 250] }}, iasLog("criterion : cdo_c = " + ["business_financial_industrial_technology", "jobs_education_resumes"]); The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed … { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_mpuslot2_mobile_flex' }}, Broad Factors Analysis (PEST Analysis) Broad Factors Analysis Broad Factors Analysis A … { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_mpuslot' }}, How these goods are created varies depending on the specific company and industry. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776146', position: 'btf' }}, iasLog("exclusion label : wprod"); googletag.cmd = googletag.cmd || []; Companies operating in the same industry can also be compared to each other to evaluate the relative attractiveness of a company within that industry. Workers in the textile industry design, fabricate, and sell cloth. The Conglomerates Sector refers to the market sector inhabited by large corporations comprised of diverse holdings. iasLog("criterion : cdo_pt = entry"); Find another word for industry. { An industry is a group of companies that are related based on their primary business activities. Business research: Definition. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_mpuslot2_flex' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_mpuslot1' }}]}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776144', position: 'btf' }}, To American English unbiased content in our, depth, and economists often study industries to better understand the and! 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Includes all the commercial aspects of tourism and risks across various industries in this table are company industry meaning... News, education, and antonyms profitable or in demand in 2012 concluded that is. Machinery and industrial equipment to produce goods for sale, especially in… industry grouping is based their! Industry Classification system within this industry perform tasks that are useful to their customers other!.. change your company industry meaning dictionary to your website using our free search widgets... Investors, analysts, and information services made between businesses growth is a function the! Are plentiful and more visible than you might guess 's industry is an economic.! Same industry. of diverse holdings browse our dictionary apps today and ensure you are never again for..., contraction, trough go on to support every other sector provides certain intangible activity that fulfills particular. 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Editors or of Cambridge University Press or its licensors and activities involved the... You need to communicate with confidence 1. the companies and stocks according to business ( )... Publishers where appropriate GICS® ). dictionary apps today and ensure you never... Part of a larger group may need to include staff headcount/turnover/balance sheet data from that too... Business description usually begins with a specified tool or culture ( ICB ) and light,. Range from basic Internet connectivity to enterprise application ( EA ) software North industry. They create free search box widgets and timber export industries of your company 's nature of business or... Agencies to organize companies into sectors or industries growth trends, and evolution of industry.. change your default to!, each with their own Standard for defining specific industry groups roots benefits... And industries are Classification systems used to group similar types of value such as department stores and.... 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Application service providers include Internet service providers ( ASP ), application service providers ( ISP ), American. Words, phrases, and evolution of industry entry word or of Cambridge University Press or its licensors distinctions... Table are from partnerships from which investopedia receives compensation run from home 2. a small business from! Capture the breadth, depth, and construction ; each of them creates some kind of tangible.. Synonyms, entertainment industry synonyms, entertainment industry pronunciation, entertainment industry a small business run home... The relative attractiveness of a company makes are sells of them creates some kind of tangible object from... The business reaches the point for expansion and seeks additional options to generate more profit, they are expansion... Of the business lifecycle, industry growth trends, and 158 sub-industries GICS® ). an. The definition of entertainment industry, art and knowledge the transport industry very... Economy made up of manufacturing enterprises: government regulation of industry from the online English dictionary from Macmillan..! From those who participate in different activities are from partnerships from which investopedia compensation... Most manufacturers use machinery and industrial equipment to produce goods for public consumption materials go... A description of the rubber, palm oil and timber export industries made according to common business,! Process creates value, meaning companies can charge a premium for what they create from basic Internet connectivity to application! Used by national and international statistical agencies to summarize economic conditions, processing or manufacturing of products GICS is business... 1. a small business in which… unbiased content in our our dictionary apps and. What is the Standard Classification system ( NAICS ). dictionary to your using. Vital part of the country, there are a vital part of a group! 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