Question

Name two broad categories of business activities.

Answer 1

(a) None of these
(b) Trade and Industry
(c) Industry and Commerce
(d) Trade and Commerce

Answer (c) Industry and Commerce

Explanation: Business activity is any procedure identified with the motivation behind creating a profit. It is regularly separated into financing activities, investing activities, operating activities, and financing exercises. Of these, operating activities are generally considered the most significant as they directly affect an organisation’s performance. Industry and Commerce are two categories of business activities.