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How can business activities be broadly classified ?
  • a)
    Into manufacturing and service sectors
  • b)
    Into industry and commerce
  • c)
    Into domestic and international markets
  • d)
    Into private and public enterprises
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
How can business activities be broadly classified ?a)Into manufacturin...
Business activities can be broadly classified into two categories: industry and commerce. Industry focuses on the production and processing of goods and materials, while commerce encompasses activities facilitating the exchange of goods and services. This classification helps understand the different aspects and functions of business enterprises.
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How can business activities be broadly classified ?a)Into manufacturing and service sectorsb)Into industry and commercec)Into domestic and international marketsd)Into private and public enterprisesCorrect answer is option 'B'. Can you explain this answer?
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