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Types of Business Activities

        We as humans are constantly changing. Our needs and desires are never constant. You might want an Android phone
        today, but tomorrow it's not the same. You may desire an iPhone. So, our needs are changing over time. The market offers
        products in the form of goods or services to meet our specific needs. Let us have a look at them, one by one.


                                                    Business Activities





                                   Manufacturing         Trading            Services


        Manufacturing Business
        A manufacturing company is involved in developing the raw materials into finished products to meet the needs of its
        customers. In this type of business, you can sell the finished product directly to your customers. For example, Bata makes
        shoes; it has several factories where shoes are made. This is an example of a manufacturing company.

























        Trading Business
        Trading companies do not manufacture goods or products. They only facilitate the process of the finished product to be
        brought from the production unit to the purchaser or customer. For example, your local pharmacy/chemist shop sells
        various medicines manufactured by different companies. It is only involved in the process of procuring the medicines
        from pharmacy companies and selling them to customers.























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