Business Studies, asked by Anonymous, 9 months ago

Under which type of industry do oil refinery and sugar mills are classified?

Answers

Answered by CEOSanjay
1

Answer:

An oil refinery and a sugar factory are categorised as secondary industries as their raw materials (crude oil and sugarcane) are processed into finished goods (oil and sugar).

Answered by dharanikamadasl
1

Oil refinery and sugar mills are classified as secondary sector.

Secondary sector type of industries:

  • The manufacturing sector is another name for the secondary sector.
  • Its major purpose is to prepare the raw resources and materials provided by the primary sector for use in goods and services.
  • Additional procedures are products that have already been segmented into markets based on specialised sectors.
  • Like certain other manufacturing businesses, heavy or large scale industries offer a broad and diverse market, have a technologically advanced organisation, occasionally employ employees at the highest level, and produce a significant amount of product.
  • Examples include the raw oil industry, sugar mills as well as the infrastructure for the manufacture of steel and iron.

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