TYPES OF INDUSTRIES

AGRIBUSINESS

- Agribusiness is a combination of the words “ Agricultural” and “Business” and refers to

any business related to agricultural production.
- Agribusiness is the sector encompassing farming and farming – related commercial
activities.
- Agribusiness treats the different aspects of raising agricultural products as an
integrated system.

MARKET FORCES
- Have a significant impact on the agribusiness sector. Changes in consumer taste after
what products are grown and raised.

- Countries with farming industries face consistent pressures from global competition.

USE OF NEW TECHNOLOGY IN AGRIBUSINESS

The use of new technology is vital to remain competitive in the global agribusiness
sector. Farmers need to reduce crop costs and increase yield per square acre to remain
competitive. New drone technology is at the cutting edge of the industry.

SIX OPTION FOR THE AGRICULTURAL DRONES

1. Soil and field and analis
2. Planting
3. Crop Spraying
4. Crop Monitoring
5. Irrigation
6. Health Assessment
 MANUFACTURING

- Is the production of product for use or sale using labour and machines, tools, chemical
and biology processing or formulation.

- Is the making goods by hands or by machines that upon completion the business sells
to customers.

MANUFACTURING PROCESS
- Are the steps through which raw materials are transformed into a final product.

TYPES OF MANUFACTURING PROCESS

1. Make - to - Stock (MTS) - A factory produces goods to stock stores and
showrooms.

2. Make-To-Order (MTO) – The producers wait for orders before manufacturing

stock.

3. Make-To-Assemble (MTA) – The factory produces components parts in

anticipation of orders to assemble.

 IMPORT AND EXPORT

IMPORT
- Bring goods or services into a country from abroad for sale.

EXAMPLE OF IMPORTED GOODS IN THE PHILIPPINES

1. Electrical Machinery/Equipment
2. Machinery Including Computers
3. Mineral fuels including oil
4. Vehicles
5. Iron,Steel

EXPORT
- Is a function of International trade whereby goods produced in one country are
shipped to another country for future sale or trade.

EXPORTED GOODS
- Are considered as zero rated goods.

EXAMPLE OF EXPORTED GOODS IN THE PHILIPPINES

1. Electrical Machinery/Equipment
2. Machinery Including Computers
 3. Optical, Technical Apparatus
4. Fruits and Nuts
5. Gems, Precious metals

RETAIL

RETAIL
- Is the process of selling consumer goods or services to customers through multiple
channels of distribution to earn profits.

RETAILERS
- Satisfy demand identified through a supply chain.

OLD KIND OF RETAILERS

- Is called itinerant peddlers.

MODERN RETAILERS
- Transformed from little more than “Rude Booths” to the sophisticated shopping malls
of the modern era.

TYPES OF RETAILS STORES

1. Department Stores – The oldest and often largest place for consumers to shop
for a variety of products.
2. Big Box Store – Specialize the electronics product.
3. Discount Stores – Stores that stock discounted items and lower priced brands.
 4. Warehouse Stores - Require you to be a member to access their low prices.
5. Mom & Pop Stores – Stores that are run by small business owners.
6. E – Tailers – Online retailers that sell via the internet and have products
delivered to your door.

FOUR MAJOR CHARACTERISTIC OF RETAILERS

Hardlines – Things that tend to last a long time.

Soft good or Consumables - Refers to the personal garments
Food – Refers to tools that we eat.
Art – Things like fine arts.

SERVICES

SERVICES
- In economics, a service is a transaction in which no physical goods are transferred
from the seller to the buyer.

-Services are non-physical, intangible parts of our economy, as opposed to goods,

which we can touch or handle.
-A service is something that the public needs, such as transport, communications
facilities, hospitals, or energy supplies.

-Business services are a recognizable subset of economic services, and share their
characteristics.