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Unit-4 ENTREPRENEURIAL SKILLS-I  TYPES OF BUSINESSES
                 Based on the types of work, a business can be classified as:

                 Service Business

                 A service type of business is a commercial enterprise that works for its client by providing intellect support or
                 workmanship. The company in this type of business provides certain professional support to its customers.
                 Businesses like restaurants, hardware/software repairing services, salons, interior designing services, banking,
                 etc are service businesses. Typically, the owner gains a lot of knowledge and expertise before they begin their
                 own business in a similar field. Product business A business where a seller and buyer exchange an item is
                 called a product-based business. For example, a Toy Shop is a type of product-based business.































                 Manufacturing Business

                 Manufacturing business usually buys raw material with the intention of using them as ingredients in the
                 making of a new product. It combines the raw material, labor and factory overhead in its production. The
                 manufactured goods will then be sold to customers. Hardware manufacturing is one of the examples.






























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