Different role of business activity

Different role of business activity

There are lots of activities when we form a business. Every business has a fixed and important place in society to give and take from raw materials to finish goods. In this pipeline from raw materials to finish goods, we interact with lot of interested group like some are related with internal environment and some from external environment. The main aim is to satisfied human being need with economic gain.

Different types of business activity

We divide business activity in two parts depend on their nature –

                                                           

Industry: - we mostly include manufacturing units in it. Some goods are ready to use like customers goods but some are like capital goods which help in producing others things –machinery or building etc. we divide it into four parts, first extractive – getting out raw materials for earth, sea or air. Second, Genetic – it engaged with plant & animals like nurseries and big cattle or others farms. Third – manufacturing and last is – construction.

Commerce: - production of any things for satisfactions of people or human need is the main aim of business. But we have a pipe line from industry or manufacturing to consumer. In this pipeline, we have wholesale, retails, import –export, banking, transport, Warehousing and insurance. We include all these activity into commerce which makes easy the business.