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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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