Introduction and Forms of Business
Introduction to Business Business is an economic activities starts with the need of the people. The need can be fulfilled by doing activities. Activities may be two types; one is economic and another is non-economic activities. The economic activities concern with business and its forms. Business is an economic activities established for the purpose of making profit by fulfilling the need of the customers. Types or Nature of Business Business has basically two broad categories presented in the following diagram as bellows: Agriculture Business: It is also known as agribusiness. These businesses refer to farming and farming-related commercial activities such as seed producing, agrichemical medicine making etc. Manufacturing Business: It produces new product by using various raw materials, labors, factory overheads costs etc. to make a finished products. Service Business: It provides intangible products. It includes any skills, expertise or advice. Saloon, Banks, Repairs ...