Business Classification…


Business classification are into three categories:
Production, Distribution and Services.
Production Businesses: Are focused on extraction or mining and manufacturing of goods and services from raw stages to finished products ready to be distributed. i.e extraction industries and manufacturing industries.
Distribution Businesses: These are the type of businesses that focus on movement of goods from their point of production to point of consumption ro directly to consumers. i.e wholesale and retailing businesses.
Service Businesses: are concerned with rendering of services. i.e medical services, banking services, telecoms etc.

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