Question

An industry refers to

1. companies that are active in the production of materials used in finished products.
2. organizations that develop similar offerings.
3. a group of people or firms united through strategic alliances.
4. organizations that manufacture identical products to meet ISO 9000 specifications.

Answer 1

Answer:2. organizations that develop similar offerings.

Explanation:An Industry is a group of companies or find that manufacture or offer similar products or services, an industry can of different sectors of the society or economy.

Textile industry is an industry made up of firms producing textiles like Cotton,Wool etc.

Real estate industry is an industry made up of firms concerned with the business of providing Homes and other landed properties.