Question

Name the two broad categories of business activities.

• A. Trade and commerce
• B. Trade and industry
• C. Industry and commerce
• D. None of the above

Answer 1

The correct option is C Industry and commerce

Business activities basically mean those activities which are carried out for making profit. Industry activities are nothing but transforming raw materials into the finished goods. Commerce is nothing but the trade of goods and services. Business activities have two broad categories viz. industry and commerce. These two categories comprise of all the business activities.