Business Activity - Revision history

User: /* See Also */

2021-07-14T09:44:17Z

User at 17:36, 26 March 2021

2021-03-26T17:36:24Z

User at 22:05, 24 February 2021

2021-02-24T22:05:14Z

User at 22:04, 24 February 2021

2021-02-24T22:04:15Z

User: The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).

2021-02-06T14:09:38Z

The LinkTitles extension automatically added links to existing pages (https://github.com/bovender/LinkTitles).

User at 18:12, 7 May 2019

2019-05-07T18:12:22Z

User at 17:29, 7 May 2019

2019-05-07T17:29:14Z

User: Created page with "'''Content Coming Soon'''"

2018-12-05T17:55:27Z

Created page with "'''Content Coming Soon'''"

New page

'''Content Coming Soon'''

@@ Line 37: / Line 37: @@
 <div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
 [[Business]]<br />
 </div>
 == References ==
 <references/>

@@ Line 35: / Line 35: @@
 == See Also ==
 [[Business]]<br />
 [[Business-to-Business (B2B)]]<br />
 [[Business Application]]<br />
 [[Business Cycle]]<br />
 [[Business Mission]]<br />
 [[Business Vision]]<br />
 [[Business Model]]<br />
 [[Business Goals]]<br />
-[[Business Objective]]
+[[Business Objective]]<br />
 == References ==
 <references/>

@@ Line 2: / Line 2: @@
 '''Classification of Business Activities'''<ref>Classification of Business Activities [http://www.yourarticlelibrary.com/business/classification-of-business-activities-industry-and-commerce/42018 Your Article Library]</ref><br />
-Business activities may broadly be classified into two categories namely (A) [[Industry]] and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the [[distribution]] of goods and services.<br />
+Business activities may broadly be classified into two categories namely<br />
 [[File:Business_Activity.jpg|400px|Business Activity Classification]]<br />
 *'''Industry''': Industry is concerned with the making or [[manufacturing]] of goods. It is that constituent of production which is involved in changing the form of goods at any stage from raw material to the finished [[product]], e.g., weaving woolen yarn into cloth. Thus, industry imparts ‘form utility’ to goods. The goods produced may either be used by other enterprises as raw materials for further production, they are known as “producers goods”. The production of plant, machinery equipment etc. are, examples of producers’ goods. When goods are finally used by consumers they are known as consumers’ goods. The examples of such goods are cloth, bread, groceries, drugs, etc. An enterprise may produce materials which will further be processed by yet another concern for converting them into finished goods. These goods are known as intermediate goods. The examples of this category are—plastics, rubber, aluminium, etc. Industries may be classified as to the types of goods produced, scale of investment and type of technology employed.

@@ Line 1: / Line 1: @@
-Business Acitivity is any action undertaken by individuals or companies, such as buying, selling, [[marketing]], or investing, for the purpose of generating profits or developing economic opportunities.<ref> Definition - What does Business Activity Mean? [http://www.investorwords.com/16222/business_activity.html#ixzz5nGCaCzQ4 Investorwords]</ref>
+'''Business Acitivity''' is any action undertaken by individuals or companies, such as buying, selling, [[marketing]], or investing, for the purpose of generating profits or developing economic opportunities.<ref> Definition - What does Business Activity Mean? [http://www.investorwords.com/16222/business_activity.html#ixzz5nGCaCzQ4 Investorwords]</ref>
 '''Classification of Business Activities'''<ref>Classification of Business Activities [http://www.yourarticlelibrary.com/business/classification-of-business-activities-industry-and-commerce/42018 Your Article Library]</ref><br />
@@ Line 42: / Line 42: @@
 == References ==

@@ Line 1: / Line 1: @@
-Business Acitivity is any action undertaken by individuals or companies, such as buying, selling, marketing, or investing, for the purpose of generating profits or developing economic opportunities.<ref> Definition - What does Business Activity Mean? [http://www.investorwords.com/16222/business_activity.html#ixzz5nGCaCzQ4 Investorwords]</ref>
+Business Acitivity is any action undertaken by individuals or companies, such as buying, selling, [[marketing]], or investing, for the purpose of generating profits or developing economic opportunities.<ref> Definition - What does Business Activity Mean? [http://www.investorwords.com/16222/business_activity.html#ixzz5nGCaCzQ4 Investorwords]</ref>
 '''Classification of Business Activities'''<ref>Classification of Business Activities [http://www.yourarticlelibrary.com/business/classification-of-business-activities-industry-and-commerce/42018 Your Article Library]</ref><br />
-Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.<br />
+Business activities may broadly be classified into two categories namely (A) [[Industry]] and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the [[distribution]] of goods and services.<br />
 [[File:Business_Activity.jpg|400px|Business Activity Classification]]<br />
-*'''Industry''': Industry is concerned with the making or manufacturing of goods. It is that constituent of production which is involved in changing the form of goods at any stage from raw material to the finished product, e.g., weaving woolen yarn into cloth. Thus, industry imparts ‘form utility’ to goods. The goods produced may either be used by other enterprises as raw materials for further production, they are known as “producers goods”. The production of plant, machinery equipment etc. are, examples of producers’ goods. When goods are finally used by consumers they are known as consumers’ goods. The examples of such goods are cloth, bread, groceries, drugs, etc. An enterprise may produce materials which will further be processed by yet another concern for converting them into finished goods. These goods are known as intermediate goods. The examples of this category are—plastics, rubber, aluminium, etc. Industries may be classified as to the types of goods produced, scale of investment and type of technology employed.
+*'''Industry''': Industry is concerned with the making or [[manufacturing]] of goods. It is that constituent of production which is involved in changing the form of goods at any stage from raw material to the finished [[product]], e.g., weaving woolen yarn into cloth. Thus, industry imparts ‘form utility’ to goods. The goods produced may either be used by other enterprises as raw materials for further production, they are known as “producers goods”. The production of plant, machinery equipment etc. are, examples of producers’ goods. When goods are finally used by consumers they are known as consumers’ goods. The examples of such goods are cloth, bread, groceries, drugs, etc. An enterprise may produce materials which will further be processed by yet another concern for converting them into finished goods. These goods are known as intermediate goods. The examples of this category are—plastics, rubber, aluminium, etc. Industries may be classified as to the types of goods produced, scale of investment and type of technology employed.
 **On the basis of type of goods produced:
-***Primary and Genetic Industry: Genetic industry is related to the re-producing and multiplying of certain species of animals and plants with the object of earning profits from their sale. Nurseries, cattle breeding, fish hatcheries, poultry farms are all covered under genetic industry. The plants are grown and birds and animals are reared and then sold on profit. No doubt nature, climate and environment play an important part in these industries but human skill is also important.
+***Primary and Genetic Industry: Genetic industry is related to the re-producing and multiplying of certain species of animals and plants with the object of earning profits from their sale. Nurseries, cattle breeding, fish hatcheries, poultry farms are all covered under genetic industry. The plants are grown and birds and animals are reared and then sold on [[profit]]. No doubt nature, climate and environment play an important part in these industries but human skill is also important.
-*** Extractive Industry: The extractive industry is engaged in raising some form of wealth from the soil, climate, air, water or from beneath the surface of the earth. These industries are classified into two categories. In the first category, workers merely collect goods already existing. Mining, fishing, and hunting is covered in this category. In the second category’, the goods are to be produced by the application of human skill, i.e., agriculture and forestry. Extractive industries supply basic raw materials that are mostly the products of the soil. Products of these industries are usually transformed into many useful products by manufacturing industries.
+*** Extractive Industry: The extractive industry is engaged in raising some form of wealth from the soil, climate, air, water or from beneath the surface of the earth. These industries are classified into two categories. In the first category, workers merely collect goods already existing. Mining, fishing, and hunting is covered in this category. In the second category’, the goods are to be produced by the [[application]] of human skill, i.e., agriculture and forestry. Extractive industries [[supply]] basic raw materials that are mostly the products of the soil. Products of these industries are usually transformed into many useful products by manufacturing industries.
 ***Construction Industry: This industry is engaged in the creation of infra-structure for smooth development of the economy. It is concerned with the construction, erection or fabrication of products. These industries are engaged in the construction of buildings, roads, dams, bridges, and canals. These industries use the products of other industries such as cement, iron, bricks and wood, etc. Engineering and architectural skills play an important part in construction industry. Engineering and constructing firms are organised for undertaking operations of construction industry.
 ***Manufacturing Industry: This Industry is engaged in the conversion of raw materials into semi-finished or finished goods. This industry creates form utility in goods by making them suitable for human use. Most of the goods which are used by consumers are produced by manufacturing industries. These industries supply machines, tools and other equipment’s to other industries too. The products of extractive industry are generally used as raw materials by manufacturing industry which may be classified as follows:
 ****Analytical Industry: In this industry, a product is analysed and many products are received as final products. In the processing of crude oil we will get kerosene, petrol, gas and diesel, etc.
-****Processing Industry: In this industry a product passes through various processes to become a final product. The finished product of one process becomes the raw material of the receiving process and soon the final process produces the finished goods. In case of cotton textiles, cotton passes through ginning, weaving and dyeing processes to become cloth. Sugar industry and paper industry are other examples of processing.
+****Processing Industry: In this industry a product passes through various processes to become a final product. The finished product of one [[process]] becomes the raw material of the receiving process and soon the final process produces the finished goods. In case of cotton textiles, cotton passes through ginning, weaving and dyeing processes to become cloth. Sugar industry and paper industry are other examples of processing.
 ****Synthetic Industry: In this industry many raw materials are brought together in manufacturing process to make a final product. In manufacturing cement, rocks, gypsum, coal etc. are required. Soap making, paints are the other examples of synthetic industry.
 **On the basis of size and investment:
@@ Line 19: / Line 19: @@
 ***Small Scale Industry: The units having an investment upto Rs. 1 crore in plant and machinery are small units. A small scale unit has the disadvantage of lower production and comparatively higher cost of production.
 **On the basis of technology employed:
-***Heavy Industry: The industry engaged in the production of machinery, steel, power generation are called heavy industry. These units need heavy investments and employ complex technology in production.
+***Heavy Industry: The industry engaged in the production of machinery, steel, [[power]] generation are called heavy industry. These units need heavy investments and employ complex technology in production.
 ***Light Industry: Industries engaged in producing consumer goods etc. arc called light industries. The production technology is simple and machinery used is inexpensive.
 *'''Commerce''': All those activities which are connected with taking goods and services from producers to users come under the purview of commerce. The goal of commerce is to ensure a proper flow of goods and services for the benefit of both producers and consumers. People are able to buy goods produced anywhere in the world with the help of commerce. Commerce activities may precisely be described as follows:
 **Commerce is related to the activities dealing with distribution and exchange of goods and services. These activities relate to trade aspect
-**Commerce covers all these activities which smoothen or help trade. These activities are transport, banking, insurance, warehousing, advertising, etc. These are ancillary services and are called aids to trade.
+**Commerce covers all these activities which smoothen or help trade. These activities are transport, banking, insurance, warehousing, [[advertising]], etc. These are ancillary services and are called aids to trade.
 **Commerce is a part of business. Business is a wider concept and includes industry too.
 **Commerce is a part of economics. Economics is a study of human beings as consumers and producers and it has a much wider scope than commerce.

← Older revision		Revision as of 17:29, 7 May 2019
Line 1:		Line 1:
−	'''~~Content Coming Soon~~'''	+	Business Acitivity is any action undertaken by individuals or companies, such as buying, selling, marketing, or investing, for the purpose of generating profits or developing economic opportunities.<ref> Definition - What does Business Activity Mean? [http://www.investorwords.com/16222/business_activity.html#ixzz5nGCaCzQ4 Investorwords]</ref>
		+
		+	'''Classification of Business Activities'''<ref>Classification of Business Activities [http://www.yourarticlelibrary.com/business/classification-of-business-activities-industry-and-commerce/42018 Your Article Library]</ref><br />
		+	Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.
		+
		+	[[File:Business_Activity.jpg\|400px\|Business Activity Classification]]
		+
		+	*Industry: Industry is concerned with the making or manufacturing of goods. It is that constituent of production which is involved in changing the form of goods at any stage from raw material to the finished product, e.g., weaving woolen yarn into cloth. Thus, industry imparts ‘form utility’ to goods. The goods produced may either be used by other enterprises as raw materials for further production, they are known as “producers goods”. The production of plant, machinery equipment etc. are, examples of producers’ goods. When goods are finally used by consumers they are known as consumers’ goods. The examples of such goods are cloth, bread, groceries, drugs, etc. An enterprise may produce materials which will further be processed by yet another concern for converting them into finished goods. These goods are known as intermediate goods. The examples of this category are—plastics, rubber, aluminium, etc.