What are the classifications of business activities, including commerce and its auxiliaries?
Understand the Problem
The question involves understanding the classification of business activities into commerce, trade, and auxiliaries, including functions such as transport, warehousing, and banking.
Answer
Business activities: Industry and Commerce. Commerce: Trade and Auxiliaries.
Business activities are classified into Industry and Commerce. Commerce is further divided into Trade (Domestic and Foreign) and Auxiliaries to Trade, which include Transport, Warehousing, Insurance, Banking, Advertising, Mercantile Agents, and Communication.
Answer for screen readers
Business activities are classified into Industry and Commerce. Commerce is further divided into Trade (Domestic and Foreign) and Auxiliaries to Trade, which include Transport, Warehousing, Insurance, Banking, Advertising, Mercantile Agents, and Communication.
More Information
Commerce includes Trade (Domestic and Foreign) and Auxiliaries to Trade, which are essential for the distribution and facilitation of trade services.
Tips
Make sure to distinguish between Industry and Commerce, as they encompass different aspects of business activities.
Sources
- Classification of Business Activities: Industry & Commerce - toppr.com
- Classification of Business Activities - economicsdiscussion.net
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