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What is the classification of Business Activities?

asked Apr 18, 2012 by anonymous

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Business Activities can be classified into two main categories : 1) Industry 2) Commerce

Industry is concerned with production and processing of materials.
Commerce includes all those activities which are necessary for facilitating the exchange of goods and services.

Industry can be further divided into 1) Primary 2) Secondary and 3)Tertiary Industries.

While Commerce can be further divided into 1) Trade and 2) Auxiliaries to trade
answered Apr 18, 2012 by anonymous
selected Apr 28, 2012 by Ashwini Kumar
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