Question

explain the classification of business
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Answer 1

Explanation:

⏩ 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. ⏪

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Answer 2

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.