Question:
Describe the scope of business activities.
Answer:
Business activities encompass:
- Industry:
- Primary: Extraction of natural resources (e.g., agriculture).
- Secondary: Manufacturing and construction.
- Tertiary: Services like banking and transportation.
- Commerce:
- Trade: Buying and selling of goods.
- Auxiliaries to Trade: Services supporting trade, such as warehousing, insurance, and advertising.
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Popular questions of class 11 Business Studies
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