Rashedul alam

Business

business

Different Types Of Business

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The word business comes from the Latin negative, which means ” what is not leisure “. Although this word has multiple uses, one of them is to allude to all those occupations, chores or works that are done for profit. According to the activity carried out, the businesses are classified in:business

Of manufacturing or production: through these businesses are transformed to inputs or raw materials in final products. Within this category are, among others, the factories of household appliances, textiles, automotive and furniture.

Of service: these businesses include all those tasks destined to the provision of some service to another business or, to a particular individual. The most common service businesses are gyms, travel agencies, transport companies, insurance, schools, financial institutions, banks, hotels, restaurants, repair shops, among others.

Extraction: these businesses refer to those activities that specialize in the extraction of natural resources, which will then be used to produce goods and services. Here are the oil companies, livestock, mining, fishing, timber, among others.

Retailers or retailers: these are the businesses that are responsible for buying certain quantities of products and then sold to the public in few quantities for the consumer to consume. To carry out these activities, sellers usually install a warehouse where the inventory is placed and from where the products are promoted and offered to the general public. Some examples of this type of business are the stores of appliances, clothes, bazaars, food stores, hardware stores, kiosks, pharmacies, and so on.

Wholesalers or wholesales: these businesses are in charge of mediating between the production and the retailers. These businesses buy large quantities of products to the first and then sell them to the latter, also in high quantities, for them to resell it to the final consumer. Within this category are the distributors of food, beverages, building materials, among others.

 

 

 

 

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Author: Jack726

Freelancer

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