Question

Name the two broad categories of business activities.

Answer 1

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☛ Business activities may broadly be classified into two categories:

(1) Industry, and

(2) Commerce.

Industry involves the production of goods and materials, while Commerce is concerned with the distribution of goods and services.

Answer 2

Hello !

Business activities may broadly be classified into two categories:

(1) Industry, and

(2) Commerce. Industry involves the production of goods and materials, while Commerce is concerned with the distribution of goods and services.

Hope It Helps u :)