Name:Bejec,Andrea Cristina M

Program:BSTM

Year & Section: 1st year-BTSM 1A(Set a)

ACTIVITY 1

Directions. As per topic, research about the function of the following items below. Explain why they
are considered as principal industries of the private sector. Include references (books, online or
printed article).

1. Transportation Industry

So transportation Industry is a several factors contribute to the transportation industry's status as one
of the most important in the private sector. First, privatization of transportation services such as
construction management, highway maintenance, and toll operations is becoming more common in
state transportation departments and toll agencies. Second, private sector companies have made
significant strides in asset management, which can benefit the public sector, particularly state. The
transportation sector necessitates significant long-term financial investments in physical
infrastructure, and private investors can play an important role in filling infrastructure gaps.and also
These private investments are generally welcomed in the transportation sector, and EU-wide
investment screening is unlikely to have significant negative consequences or cause political concern.
Overall, the private sector's involvement in transportation brings cost savings, increased efficiency,
and the ability to attract private capital to address public needs.

2. Hostelry Industry

hostelry supply chain is extremely important in the sector. It is critical to ensuring that hotels,
restaurants, and other establishments have access to the resources and services they require.
Without an efficient supply chain, the sector would struggle to satisfy customer needs and provide
essential products and services. Supply chain management is critical to the success and
competitiveness of hospitality enterprises. It aids in the management of the movement of goods,
services, and information, resulting in increased operational efficiency and effectiveness.
Furthermore, implementing green supply chain management strategies can provide hospitality firms
with a competitive advantage as well as economic benefits. Effective supply chain management also
allows tourism enterprises to better meet client expectations and maintain a competitive edge over.

3.Entertainment Industry

The arts, entertainment, and recreation sector is part of the leisure and hospitality industry. The Arts,
Entertainment, and Recreation industry encompasses a wide range of businesses that run facilities
or provide services to cater to their customers' diverse cultural, entertainment, and recreational
interests.

4.Travel Trade

The travel trade is regarded as one of the most important private-sector industries due to its
significant contribution to global GDP, exports, and capital investment. It has grown steadily over the
years, outpacing other sectors such as financial services, transportation, and manufacturing.
Furthermore, the travel trade sector is a major employer globally, providing a large number of jobs.
Furthermore, it is the primary source of foreign exchange for many developing countries.
Transportation services play an important part in the tourism industry because tourists must travel to
reach their locations.

5.Food & Beverage Industry

foods and beverages industry is a Restaurants, cafeterias, cafés, fast-food joints, pubs, delis, food
manufacturing operations, catering companies, food transportation services, and other enterprises
are all part of the food and beverage industry. Work in this area can include packaging, cooking,
transporting, and serving food or beverages.

6.Other Private Sector Entities

for me the private sector is a segment of the economy that is run for profit by individuals and
businesses rather than the government. Thus, it includes all for-profit firms that are not owned or
operated by the government. The public sector includes government-owned businesses and
corporations, whereas the voluntary sector includes charities and other non-profit organizations.