Ephy
Active member
A business may involve the following activities :
a) Trade which involves buying and selling of goods with the aim of making profits.
b) Processing which involves changing the form of raw materials without combining them with other goods.
c) Manufacturing which involves combining different raw materials to come up with a final product.
d) Extraction which involves getting goods from their natural environment for example mining.
e) Provision of services such as shoe shining, health services and insurance. This involves human activities which are either physical or mental efforts.
f) Construction which involves construction of roads, bridges, ports and railway lines.
g) Distribution which involves activities like moving goods from where they are produced to where they are needed.
a) Trade which involves buying and selling of goods with the aim of making profits.
b) Processing which involves changing the form of raw materials without combining them with other goods.
c) Manufacturing which involves combining different raw materials to come up with a final product.
d) Extraction which involves getting goods from their natural environment for example mining.
e) Provision of services such as shoe shining, health services and insurance. This involves human activities which are either physical or mental efforts.
f) Construction which involves construction of roads, bridges, ports and railway lines.
g) Distribution which involves activities like moving goods from where they are produced to where they are needed.
