December 2020
Intermediate to advanced
671 pages
19h 4m
English
Content preview from Business Organisation and Management, 1st Edition by Pearson
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2
Structure of Business
LEARNING OBJECTIVES
After studying this chapter, you should be able to know—
- Classification of Business Activities
- Classification of Industries
- Meaning of Commerce
- Functions of Commerce
- Classification of Commerce Activities
- Trade
- Auxiliaries to Business Activity
Industry includes all those business activities which are connected with raising, producing or processing of goods. Industry creates form utility to goods by bringing materials into the form which is useful for intermediate consumption (i.e. further use as material in other industry) or final consumption by consumers.
Another explanation of the term ‘Industry’ — According to this explanation, the term ‘Industry’ is ...
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