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What is an industry?
(a) Industry is a group of diverse businesses under common owners.
(b) Industry is a group of firms whose products have same and similar attributes such that they compete for the same buyers.
(c) Industry is any business organization engaged in manufacturing activities.
(d) All business organizations excluding those in service sector are industry.
McDonald's Corporation, the world's largest fast-food restaurant chain, with 2010 revenues of $24 billion,has recently been on a "roll." Its shareholder value has more than doubled
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