Business Studies · Ch 1 — Business, Trade and Commerce
Classification of Business Activities
1.3
Classification of Business Activities
Business activities fall into two broad categories — industry and commerce:
- Industry is concerned with the production or processing of goods and materials.
- Commerce covers all the activities necessary for facilitating the exchange of goods and services. …
Figure business-activities-classification-fig-1-3Classification of business activities into Industry (primary, secondary, tertiary) and Commerce (trade and auxiliaries to trade)
Drawn by us to help you understand the concept clearly, and verified to make sure it's accurate. For exams, practice from your NCERT textbook's own diagram.
What the Figure Shows
Our own chart classifying all business activities under Industry (primary, secondary, tertiary) and Commerce (trade, and the auxiliaries to trade) — the map of the whole chapter's classification, drawn to help you see how the pieces …