Question

classification of business activities trade meaning and characteristics?
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Answer 1

Answer:

Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.There are mainly three types of business activities: Investing, Operating and Financing. Operating Activities: Operating business activities are the functions of a business directly related to providing its goods or services to the market.

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