Ask Question
27 July, 07:04

A group of firms manufactures writing implements such as pens, pencils, and markers. This group should be referred to as a (n) : a. service provider. b. substitute. c. market segment. d. regulator. e. industry.

+1
Answers (1)
  1. 27 July, 08:08
    0
    E. Industry

    Explanation:

    Industry or an industry is a group of firms/businesses/manufacturers a particular kind of goods and services. In this case, the firms that makes up the industry all manufactures writing implements (such as pen, pencils and markers). Simply put, an Industry is a sector that produces good or related services within an economy.

    When classifying a firm into an industry, the major source of revenue is the necessary indicator used in doing so.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A group of firms manufactures writing implements such as pens, pencils, and markers. This group should be referred to as a (n) : a. service ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers