Industry leaders are those brands, products or companies that have high dominance in the industry. Industry leaders have the largest percentage of market share with respect to overall sales revenues.
An industry leader has the following major characteristics:
Market share implies the proportion of an individual firm’s sales as compared to the total sales in the industry. It could also refer to the share of a particular industry in the overall market. Determination of market share is possible only after a thorough industry/market analysis.
Market share can be calculated using several bases. However, the most commonly used parameters are:
The industrial sector of the economy is one that make finished products which can then be utilized viz. construction and manufacturing industry. Industrial sector is also known as secondary sector.
The energy sector has become a matter of more concern over the years due to the fast rising petrol and diesel prices over the Globe. Heavy reliance upon the conventional fossil fuels has given birth indefinite headaches for the economies over the globe. So the need of the hour is to rely more upon the non-conventional sources like Sun, Wind and Bio Mass.
Information technology, and the hardware and software associated with the IT industry, are an integral part of nearly every major global industry.
Information technology, and the hardware and software associated with the IT industry, are an integral part of nearly every major global industry.
