Google's business model is most similar to that used by companies in which industry?

• A. Oil and gas extraction
• B. Advertising
• C. Automobile manufacturing
• D. Retail banking

Answer: (B)

Verified step by step guidance

1. Step 1: Understand the nature of Google's business model, which primarily generates revenue through selling advertising space on its platforms.
2. Step 2: Identify the key characteristics of industries listed: Oil and gas extraction focuses on natural resource extraction; automobile manufacturing centers on producing physical goods; retail banking provides financial services; advertising involves selling promotional space or services.
3. Step 3: Compare Google's revenue generation method with each industry to find the closest match in terms of business model.
4. Step 4: Recognize that Google's model aligns most closely with the advertising industry because both rely on selling advertising services rather than physical products or raw materials.
5. Step 5: Conclude that among the options, the advertising industry is the most similar to Google's business model.