Question

Q1. what is business ?describe the nature of business activities .
Q2. how will you classify business activities ?
Q3. explain various type of industry .
Q4. what is commerce? explain it to AIDS to trade
Q5. discuss the importance of Commerce .​

Answer 1

Answer:

The classify business activities in comical factory

Answer 2

Answer:

this is 1st andwer

The 'outputs' of a business are the goods and services that satisfy consumers' needs, usually with the aim of making a profit. Business activity exists to produce goods or services, which can be classified in several ways: consumer goods, consumer services and capital goods.this is 2nd 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.this is 3rd answerThere are four types of industry. These are primary, secondary, tertiary and quaternary. Primary industry involves getting raw materials e.g. mining, farming and fishing. Secondary industry involves manufacturing e.g. making cars and steel.