11th Class Business Studies Nature And Purpose Of Business

  • question_answer 11)
    How would you classify business activities?


    Various business activities may be classified into two broad categories industry and commerce. Industry is concerned with the production or processing of goods and materials. Industries may be divided into three broad categories namely primary, secondary and tertiary. Commerce includes all those activities which are necessary for facilitating the exchange of goods and services. Commerce includes two types of activities, viz., (i) trade and (ii) auxiliaries.

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