Asked by Chelsea Valencia on May 16, 2024

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An example of a defensive industry is

A) the automobile industry.
B) the airline industry.
C) the food industry.
D) the automobile industry and the tobacco industry.
E) the airline industry and the food industry.

Defensive Industry

Industries that are relatively unaffected by economic cycles and fluctuations, such as utilities and consumer staples, because their products are always in demand.

Automobile Industry

A global sector that involves the design, development, manufacturing, marketing, and selling of motor vehicles.

Food Industry

The sector that covers the processing, preparation, and distribution of food products from agricultural production to consumers.

  • Recognize different industry types and the concept of defensive industries.
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Michael SungaMay 18, 2024
Final Answer :
C
Explanation :
The food industry is considered a defensive industry because it tends to be less affected by economic cycles. People need to eat regardless of the economic situation, making it more stable compared to cyclical industries like automobiles and airlines.