Page 19 - Business Principles and Management

Unit 1

FIGURE 1-1 Employment in Major Industries

No. of employees (in millions)
30
Production Industries Other Industries
21.9 20.7

20
16.4 Agri. = Agriculture
12.5 11.0 Mf/Co = Manufacturing
and Construction
10 8.1 ReTr = Retail Trade
Com. = Communications
Ban/Fi = Banking and Finance
3.1 ProSe = Professional Services
1.7
Le/Ho = Leisure and Hospitality
0 Govt. = Government
Agri. Mf/Co ReTr Com. Ban/Fi ProSe Le/Ho Govt.

Source: Occupational Outlook Handbook, 2005

1.1 Assessment

UNDERSTAND MANAGEMENT CONCEPTS
Determine the best answer for each of the following questions.
1. An organization that produces or distributes goods or services
for a profit is
a. a producer
b. a manufacturer
c. a business
d. an industry
2. A lawn-mowing business is an example of
a. a service business
b. an industrial business
c. a manufacturing business
d. a marketing business

THINK CRITICALLY
Answer the following questions as completely as possible.
3. Why are service businesses growing faster than other types of
businesses in the United States?
4. How do commercial businesses support the
work of industrial businesses?

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