What are 5 types of industries in the service business?

What are 5 types of industries in the service business?

The service-providing industries supersector group consists of these supersectors and sectors:

• Trade, Transportation, and Utilities.
• Information.
• Financial Activities.
• Professional and Business Services.
• Education and Health Services.
• Leisure and Hospitality.
• Other Services (except Public Administration)
• Government.

What are the 2 types of service industries?

Below are several examples of service industries with explanations and common job titles within each category:

• Hospitality. The hospitality industry includes hotels, restaurants and bars.
• Tourism.
• Finance.
• Fitness.
• Beauty and wellness.
• Mechanical.
• Media and entertainment.
• Design.

What are the 3 classification of industry?

At the top level, they are often classified according to the three-sector theory into sectors: primary (extraction and agriculture), secondary (manufacturing), and tertiary (services).

Why is tertiary sector called service sector?

Tertiary sector is termed as service sector because tertiary sector provides support service to primary and secondary sector.

How are industries classified 8?

Industries can be classified on the basis of raw materials, size and ownership: Raw Materials – Industries may be agro based, mineral based, marine based and forest based depending on the type of raw materials they use.

What are 5 services?

The following are common types of services.

• Knowledge. Knowledge based services such as consulting.
• Information Technology.
• Design.
• Performing Arts & Entertainment.
• Creative Services.
• Government Services.
• Non-profit Services.
• Education & Childcare.

What is an example of a service industry?

Service industries include everything else: banking, communications, wholesale and retail trade, all professional services such as engineering, computer software development, and medicine, nonprofit economic activity, all consumer services, and all government services, including defense and administration of justice.

What are the different types of service organizations?

Examples of service organizations are employee benefits plans, payroll processors, insurance and medical claims processors, trust companies, hosted data centers, cloud service providers, managed security providers, credit card processing organizations, and clearinghouses.

What is a service sector?

The service sector, also known as the tertiary sector, is the third tier in the three-sector economy. Instead of product production, this sector produces services maintenance and repairs, training, or consulting. Examples of service sector jobs include housekeeping, tours, nursing, and teaching.

How are industries classified explain?

Industries can be classified on the basis of raw materials, size and ownership. Activity Trace the journey of your shirt from a cotton field to your wardrobe. Raw Materials:Industries may be agro based, mineral based, marine based and forest based depending on the type of raw materials they use.

What are service categories?

Service Category is a comprehensive list of IT Services and the Business Services provided by the IT department to the end-users. Each service category has a classified group of service items that are exposed to user groups who are approved to access it.

What is service category?

Service Category is a comprehensive list of IT services provided by the IT department to the end-users. Each service category has a classified group of service items which are exposed to user groups who are approved to access it.

What is tertiary sector also called?

The tertiary industry sector makes up the vast majority of employment opportunities and is solely focused on providing services, not goods, to consumers and other organizations. For this reason, it is also known as the service sector.

How to classify services?

Classification of services can be done on the basis of two points. These two points or factors, are further sub divided into 2 further variables. All in all, service classification considers four types of people or objects. Wherever people or products are involved directly, the service classification can be done based on tangibility.

What are the different types of trade classification systems?

Countries use industry classification systems to apply tariffs to products, track cross-border commerce, and for other purposes. There are three standard classification systems for merchandise trade: the Harmonized System (HS), North American Industry Classification System (NAICS), and Standard International Trade Classification (SITC).

What is a service industry?

Service industries are an important part of a functioning society and growing economy. They employ talented individuals who provide valuable services and nonmaterial goods to customers, businesses and the general public.

What are the two dimensions of service classification?

It is possible to carry out a classification of services based on two general dimensions such as what is being processed, whether is it a person or an object, and how is it being processed? In other words, what is the nature of the process (tangible or intangible actions).