Hi Readers,
Hope You're doing well. So, My last blog for you to get familiar with accounting in which I told you the need of accountancy in today's economic world. I will tell you today about the types of industries present at all over the world which will help you to identify the business type of your organization. Basically there are three types of industries present all over the world, these are;
(a) Manufacturing industries
(b) Trading industries
(c) Service Provider industries
A manufacturing industries work for converting the raw materials into finished goods and then makes profit from business by sales of those goods. There are many manufacturing industries presents all over the world and they are good source of income for the government of any country.
The second of them is trading industries as the name suggests itself you can judge what is it's work. Basically they purchase the goods from manufacturing industries or from other sources and makes profit by sales of those purchased goods. It is also a profitable business for anyone from all over the world.
The last industry is service provider industries in which it makes business by providing the services to the people whether it be restaurants or airlines services or telecommunication service providers. From the last decade service industries has grown by leaps and bounds. And till now it has become a huge earning industry for the businessmen.
So, my aim from this article is to get you all familiar with types of industries present all over the world in which accountant need to work.
We will keep bringing more and more blogs on various topics for our readers to make your time entertaining and provide you some knowledge from various fields at the same time. This article was also for the readers who wants learn about basics of business industries.
Hope You're doing well. So, My last blog for you to get familiar with accounting in which I told you the need of accountancy in today's economic world. I will tell you today about the types of industries present at all over the world which will help you to identify the business type of your organization. Basically there are three types of industries present all over the world, these are;
(a) Manufacturing industries
(b) Trading industries
(c) Service Provider industries
A manufacturing industries work for converting the raw materials into finished goods and then makes profit from business by sales of those goods. There are many manufacturing industries presents all over the world and they are good source of income for the government of any country.
The second of them is trading industries as the name suggests itself you can judge what is it's work. Basically they purchase the goods from manufacturing industries or from other sources and makes profit by sales of those purchased goods. It is also a profitable business for anyone from all over the world.
The last industry is service provider industries in which it makes business by providing the services to the people whether it be restaurants or airlines services or telecommunication service providers. From the last decade service industries has grown by leaps and bounds. And till now it has become a huge earning industry for the businessmen.
So, my aim from this article is to get you all familiar with types of industries present all over the world in which accountant need to work.
We will keep bringing more and more blogs on various topics for our readers to make your time entertaining and provide you some knowledge from various fields at the same time. This article was also for the readers who wants learn about basics of business industries.
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