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Questions and Answers
What does the term 'industry' refer to?
What does the term 'industry' refer to?
- The sale and distribution of finished products
- The journey of a product from raw material to finished goods
- Production of goods, extraction of minerals, or provision of services (correct)
- Manufacturing of paper and cloth from raw materials
What process do raw materials go through in the manufacturing industry?
What process do raw materials go through in the manufacturing industry?
- They are printed with ink and bound before being sent for sale
- They undergo several stages where value is added to them (correct)
- They are transported directly to the pulp mill for processing
- They are converted into wood pulp and then into paper
What is the significance of the journey of a product from raw material to finished goods?
What is the significance of the journey of a product from raw material to finished goods?
- Value is added to the product at each stage of the manufacturing process (correct)
- The finished product becomes cheaper than the raw material used
- The finished products have less utility than the raw materials
- The raw materials lose their value during the manufacturing process
What is the role of secondary activities in manufacturing?
What is the role of secondary activities in manufacturing?
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What is the primary focus of the iron and steel industry?
What is the primary focus of the iron and steel industry?
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