Definition of Industrial Concept – Plant, Factory, Firm, Industry And Industrial Estate - SS2 Economics Past Questions and Answers - page 1
1
What is a factory?
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A
A type of plant that produces goods on a large scale
B
A business organization that produces goods or services for sale
C
An area where multiple manufacturing or production facilities are located
D
A facility where raw materials are processed or manufactured into finished products
2
What is an industry?
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A
A designated area where multiple manufacturing or production facilities are located
B
A type of plant that produces goods on a large scale
C
A group of firms that produce similar goods or services
D
A business organization that produces goods or services for sale
3
What is a firm?
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A
A type of plant that produces goods on a large scale
B
A designated area where multiple manufacturing or production facilities are located
C
A business organization that produces goods or services for sale
D
A group of firms that produce similar goods or services
4
What is an industrial estate?
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A
A designated area where multiple manufacturing or production facilities are located
B
A type of plant that produces goods on a large scale
C
A group of firms that produce similar goods or services
D
A business organization that produces goods or services for sale
5
What is a plant?
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A
A facility where raw materials are processed or manufactured into finished products
B
A designated area where multiple manufacturing or production facilities are located
C
A group of firms that produce similar goods or services
D
A business organization that produces goods or services for sale
6
What is a steel plant an example of?
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A
A designated area where multiple manufacturing or production facilities are located
B
A type of plant that produces goods on a large scale
C
A group of firms that produce similar goods or services
D
A facility where raw materials are processed or manufactured into finished products
7
What is the difference between a plant and a factory?
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8
What is the purpose of an industrial estate?
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