Class notes BUSINESS STUDIES AND MANAGEMENT , chapter 2

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BUSINESS STUDIES &
MANAGEMENT
CHAPTER 2
NOTES
CLASSIFICATION OF BUSINESSACTIVITIES
 Introduction
 Business activities are concerned with the production of goods and
services and their distribution to consumers.
 There are two types- (1) Industry.

(2) commerce.

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BUSINESSACTIVITIES


INDUSTRY COMMERCE




PRIMARY SECONDR TERTICARY/
Y SERVICE AID TO TRADE

TRADE

MANUFACTURING CONSTRUCTIO
N

RETAIL
INTERN EXTERN WHOLESALE
AI AL
 INDUSTYRY
 It refers to those economic activities which are consulted with production with goods
and service.

 Primary industries
 It refers to all those activities which are consulted with extraction, production, and
processing of natural resources.
 Example; M.C.L., ETC....

 Secondary industries (2 TYPES:
Manufacturing & construction)
 These are those industries which are engaged in the conversion of raw material to
production.

Example: NALCO, ETC........


1. Manufacturing industries
 These are those industries which are consulted with the production of goods
and services.

2.Construction industries
 These are those industries which are consulted with the creation of
infrastructure.

 Tertiary/service industries