BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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industry
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service
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manufacturing
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Detailed explanation-1: -Commerce is mainly concerned with production/distribution.
Detailed explanation-2: -Iron and steel industry is associated with the production of goods, whereas, coal mining industry is concerned with the extraction of minerals like coal. Tourism industry is a service provider.
Detailed explanation-3: -Business is concerned with the production and distribution of goods and services .
Detailed explanation-4: -Commerce is a subset of business that focuses on the distribution of goods.
Detailed explanation-5: -Extractive industries are suppliers of basic raw materials that are mostly products of the geographical or natural environment products of these industries are usually transformed into useful goods by manufacturing industries.