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Finance Dictionary and Glossary of Investment Terms
A basic category of business activity. The term industry is sometimes used to describe a very precise business activity (e.g. semiconductors) or a more generic business activity (e.g. consumer durables). If a company participates in multiple business activities, it is usually considered to be in the industry in which most of its revenues are derived.
A category used to describe a company's primary business activity, usually determined by the largest source of a company's revenues.
The category describing a company's primary business activity. This category is usually determined by the largest portion of revenue.
This gives an indication of the field in which the company operates. For example, Microsoft is in the Computer Software industry.