Monday, October 20, 2008

3.1.1 What is the size of your industry?

An industry or sector is the manufacturing of a good or service within a category. Although industry is a broad term for economic activity and trade, in economics and urban planning industry is a synonym for the secondary sector, which is a type of economic activity involved in the manufacturing of raw materials into goods and products.

Figure 3.1: Malaysia Economics Sectors

According to the figure 3.1, it shows that service industry is the major part in the Malaysia economics sectors. According to the market demand, high qualities of raw materials are increasing day by day. Therefore ACS Supplier Sdn. Bhd. wants to grab this opportunity to become one of the most successful suppliers for this materials business. Our business is including in the service industry. Because of that, we want to be one of the contributors in this industry. Addition, we want to develop this industry become more successful and profitable in our country. So, our company was involving in the business that has 52% size in industry and as a major role in contributing in economic growth.

The tertiary sector of economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately manufacturing) and the primary sector (extraction such as mining, agriculture and fishing). Sometimes an additional sector, the quaternary sector is defined for the sharing of information (which normally belongs to the tertiary sector).

The tertiary sector of economy involves the provision of services to businesses as well as final consumers. Services may involve the transport, distribution and sale of goods from producer to a consumer as may happen in wholesaling and retailing, or may involve the provision of a service, such as in pest control or entertainment. Goods may be transformed in the process of providing a service, as happens in the restaurant industry or in equipment repair. However, the focus is on people interacting with people and serving the customer rather than transforming physical goods.

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