Question

Which of the following industry will be classified under sunrise industry prior to 1991? *
1 point
a. Food processing industry
b. Electronics industry
c. Both (a) and (b)
d. None of these

Answer 1

A sunrise industry is one that is new or relatively new, is growing fast and is expected to become important in the future.[1] Examples of sunrise industries include hydrogen fuel production, petrochemical industry,[2] food processing industry,[3] space tourism, and online encyclopedias.

Answer 2

Electronics industry will be classified under the sunrise industry prior to 1991, so option b is the correct answer.

• Electronics industry Prior to 1991 was known as the sunrise industry because it had the most importance in the market.
• It is a well known fact that without electrical and electronic goods no companies can function properly.
• The sunrise industry is one which is typically characterised by high degree of innovation and high growth rates.
• The sunrise industry is an industry which is currently new but growing fast and is expected to become important in the future.
• Examples of sunrise industries include petrochemical industry, hydrogen fuel production, electronics industry and food processing industry.