Industrialized

(adjective)

A highly developed economy and advanced technological infrastructure relative to other, less-developed nations. Developed countries have post-industrial economies, meaning the service sector provides more wealth than the industrial sector.

Related Terms

Examples of Industrialized in the following topics:

  • Segmentation for B2B

    • There are several basic approaches to segmenting organizational markets, including: type of customer, Standard Industrial Classification codes, end uses, common buying factors, and buyer size and geography.
    • This approach employs the Standard Industrial Classification (SIC) codes published by the United States government.
    • Industrial marketers may segment markets by looking at the different ways and situations in which a product is used.

  • Production Orientation

    • During the Industrial Age of the 18th and 19th centuries, production-oriented companies thrived due to both the scarcity and high demand for mass-produced, high quality goods and services.
    • Industrial firms focused on production orientation models that exploited economies of scale to reach maximum efficiency at the lowest cost.

  • Branding

    • Industrialization moved the production of many household items from local communities to centralized factories.
    • Factories established during the Industrial Revolution introduced mass-produced goods to sell their products to a wider market.

  • Marketing Orientation

    • From the beginning of the Industrial Revolution until the 1950s, companies focused on maximizing economies of scale and minimizing production costs.
    • Following the second world war, it soon became obvious that products were not selling as easily as during the Industrial era due to a saturated market.

  • Defining Consumers

  • Defining a Brand

    • During the Industrial Revolution, the production of many household items, such as soap, was moved from local communities to centralized factories to be mass-produced and sold to the wider market.

  • Maturity

  • Business Products

    • Industrial products can either be categorized from the perspective of the producer and how they shop for the product, or from the perspective of the manufacturer, how they are produced and how much they cost.

  • The Dynamic Environment

    • Industrial economies have markets that are diverse and carry many different types of goods.

  • Selecting Target Markets

    • Industrial markets- The industrial market consists of organizations and the people who work for them, and those who buy products or services for use in their own businesses or to make other products.