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.
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| 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.
