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Question:

what are industrial markets?

what are industrial markets?

Answer:

based on experience, the answer will depend on what field or industry you are in or what you are referring toI've work as a business manager in the laundry industry and we have what is called Industrial Accounts w/c may also be called Industrial MarketsThese are the market or consumer section or percentage that needs the services on a more regular and bulk basisexample for this are restuarants, hotels, costume departments, garments factories, manufacturing companies who have an in-house uniform sanitationThe same term and connotation , Industrial Markets, may also be applicable on other industries like plastics or packaging distributors, merchandisers, transportations, etcNow, if your on the engineering side, Industrial Market, would delve more on anything that concerns the whole Industry Making Businessindustrial equipments (cranes, forklifts, trucks, earth-moving machines, the likes)Buy and sell, manufacturing, rentals, services, construction, etc are all part of the Industrial MarketOn, jewelry, pawnshops, lapidaries, junk shops and gold smithing businesses, they find Industrial Market as those who buy regularly and in bulk, and those who may not buy regularly but buys in bulk for use in industrial manufacturing such as microchips, cellphone parts, computer parts, ect( The likes of Intel and Samsung are huge Industrial consumers or Gold, Copper, Nickel, etc.) In real estate or urban planning, industrial is a type of land used and economic activity involved with manufacturing and productionThe market will be those companies whowould invest, buy, lease, or rent the land for their purpose (of industrialization)Although the full meaning of industry is: the segment of economy concerned with production of goodsPlus Maket, meaning a place for trading and potential buyers and consumers; you may just want to putt he meaning/concept of the two together.

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