Question

Name the two broad categories of business activities.

Answer 1

Explanation:

Industry. ...

(i) Economic activity: Industrial activities are economic activities because their purpose is to earn money.

(ii) Production: Industry involves production of various types of goods and services to satisfy human wants.

(iii) Wide scope: The scope of industrial activities is very wide. ...

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 :)