Question

how can be business classified on the basis of activity explain each of them in commercial studies​

Answer 1

Answer:

Business is the buying, selling & exchange of goods & services for-profit service or motive is commonly known as business. The term business is derived from the word ‘busy’. In a specific sense, business activities refer to any occupation in which people regularly engage in an activity with a view to earning the profit. Let us take a look at the classification of business activities.

Answer 2

Explanation:

Classification of business activities is administered in two ways, Commerce and Industry. The industry comprises the generation of goods and services, whereas commerce is affected by the distribution of goods and services. ... The enterprises which help in the constant flow of trade are known as aids to trade.