Market-driven economy and produce both industry classification based on the approach can be analyzed using. North American Industry Classification System (NAICS) uses a market-driven approach; old Standard Industrial Classification (SIC) uses a production-based approach.
Under a market-based approach, including the economy producing goods and service industries offer. Goods producing industries include; wholesale and retail trade, (and warehousing), transportation, utilities, information, financial activities, professional and business services, education and health services, natural resources and mining, construction and manufacturing industries involved in service delivery leisure and hospitality, and public administration.
Under a production-driven approach, product-driven and service-driven economy, including industries. Product-based industries as the primary activities of the enterprises that provide goods for sale management (even if they change them or not). Under this approach, retail, wholesale, and food service industries are driven product. (Food service providers kitchen factories are equal.) Products operated enterprises comprehensive cost accounting for inventory management and operational practices can be.
Industry classification as a whole, an enterprise (Primary Industries) can be implemented, within the installations, the secondary could be in different industries. Establishments that feature plants (factories and warehouses) and branches (retail and wholesale outlets) are included.
For example, hospitality industry service is operated under production-driven approach, in a hotel bar and restaurant establishments are operated products. Entertainment Industry Services is operated under production-driven approach, a theater products in the retail and bar establishments are operated. Health Care Industry service is operated under production-driven approach, within a hospital setting product retail pharmacy operates. Under market-driven approach, all of these establishments are to serve.
Wednesday, October 20, 2010
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