An industry may produce consumer goods or capital goods. But it cannot be the only objective of business. h�b```�tf�B cB�# p1F���ĤY��q�Oy��8�@Q�m� 2YD�$4�eHY#~����0 ]Cj�都�Kx���4캿fR��$O Ru �m��&�8k��� W��@�p� h��W]O#7�+�E�o{��E��ۮ The business activities are broadly classified as: 1. Good… 2.1 CLASSIFICATION OF BUSINESS ACTIVITIES The basic cause of all productive activities is the unlimited wants of human being and the need to satisfy them. endstream endobj startxref �&(~C-N���0��-?��s�|lV��x��і%���3`�P �m��� ��TDP��8yPD 9��m]:�^C�޶2\=B6��:�IVu���Z�$: �Q�'�v��~�P-ML�4����r�|� wGj��(h���Dlf��;�E�z���y�w����]#�f�!#Jw��gt���@q��/�����g��@��D��A�N΢D1X/���U�,}�-�c�H_�4[�%q��6�CigF�\�ˌ�e6����F�#|5�1�#�r�!e. endstream endobj 9345 0 obj <>stream 2.1 CLASSIFICATION OF BUSINESS ACTIVITIES The basic cause of all productive activities is the unlimited wants of human being and the need to satisfy them. e.g. ?�Bpm�6� ISIC has therefore provided guidance to countries in developing national activity classifications and has become an important tool for comparing statistical data on economic activities at the interna- tional level. A working group constituted of representatives from all three statistical institutions in BiH have developed a new version of statistical classification of business activities in BiH entitled Classification of Business Activities in Bosnia and Herzegovina 2010. Industry deals with production and processing of materials into finished products. Information on the new classification of business activities in BiH In the course of time, significant changes in the structure and organization of economy including the development of new technology have occurred resulting in the establishment of new activities and new products. � AI�����\{&��@��p䏹�����ĉ^i�j��Q9ݪ���!����[e��*i|����9]��l�8i����i���a�u��9�֗�׏��E��n�&�������_� Üa S�1>Z�t�JA7GO��n�w*XӜL?u���Z���]1;��;��LW�Y���x�ty�SNc3�k�F%�. h�bbd```b``�� ��D�����"��$��/ �-;{�F �/׆���A���������� n $ 1.2.1 Economic Sectors. Classification Evolution of Information System The first business application of computers (in the mid- 1950s) performed repetitive, high-volume, transaction-computing tasks. Fishing, farming Secondary Sector – Manufacture goods using raw materials from primary sector. h�bbd``b`� $S�� ��$��A� V#�"@,�P�H���L�Azq���0 �B %PDF-1.7 %���� Economics is a study of human beings as consumers and producers and it has a much wider scope than commerce. �7�撧0� � 0�����]�H���#>�I1�����o=�����5pq1�cQ�!��g'�����Cur�p. %,v�y0iy�G^���zm$�dK8�iSjVTp��=��Ga�~[�>��g����4+���b\�����[3m�����`��m>��r9k��e����y6��h�&�bO�I�M�G 3)�¦IcA��]�&�#h5Y�����Skr&�]��E����4�J�sXv���e�ĞrJ,�d�t"�DG$�!m�&l�&���DR��uk�&\����üueީ�2���# A���Ğ��A�IHe�V.�hM��d��QĞ�:�H�� ‰,o�( e.g. While pursuing the objective of earning profit, business units do keep the interest of their owners in view. In other words, Business – Industry + Commerce On the basis of these two categories, we may classify business firms into industrial and commercial enterprises. Business & People Exam Practice Topic Sole Proprietors & Partnerships Important Bits These are two% forms of% unincorporated% business organisations. �L�]�r���Za��o�n&5J��҄�A��q��|[�������y�����Mώ���� ��%�Z冃�=�!�R�o�;%����5X//+j����eg�E�׵>�_F��������v)_cZ�z�����q�d�J���?l�D���Ds�S:��&����$����W������G��~ׅ�[�_ B�Tx endstream endobj 9342 0 obj <>/Metadata 163 0 R/Pages 9337 0 R/StructTreeRoot 540 0 R/Type/Catalog>> endobj 9343 0 obj <>/MediaBox[0 0 612 792]/Parent 9338 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 9344 0 obj <>stream Business & People Exam Practice Topic Sole Proprietors & Partnerships Important Bits These are two% forms of% unincorporated% business organisations. ꮄx0 %%EOF Though the basic requirements of human beings are three viz., food, clothing Business activities are broadly classified into two categories: 1. providing guidance for countries in developing national activity classifications and has become an important tool for comparing statistical data on economic activities at the international level. User guidelines The highest level of classifications is the Section, which is alphabetically coded and intended to facilitate economic analysis. 9351 0 obj <>/Filter/FlateDecode/ID[<1D0E5783BB0B044D918266A52D1176C7>]/Index[9341 29]/Info 9340 0 R/Length 73/Prev 706499/Root 9342 0 R/Size 9370/Type/XRef/W[1 3 1]>>stream (2 marks for each good quality definition) 2 1. The computers” crunched numbers” summarizing and organizing transactions and data in the accounting, finance, and human resources areas. h��Vmk#7�+�xG ��8�'�� �U4(Pџ�psc�h��@��"A �������dð��grɍ��'�8hw�Cۛ��Q��``�n���qz%�^��u�d�0 uyT ��)}��[g����W��g�u�ع��-ŬG+�F�3�eS��f֓4L�ǜ 4��Ϻ� h�r&��9+�0��H2�d)&E6f5�*�ca_�XǤ�t\�AK��K5���.V���~Z6��cwv��]S��L�� ��S���]3��>�No�Iwόը^�7���,�4E�H�e�Wy �9�Hyq�� ��C �婯�CS G'���?��Y{�j��M9Ls^]t��̧����~,^ �Uu�5����)��\[��n��~�=�#��Q"���O�KzhL�*$C"��[f�{�#)�x�V�� ]F)f�a��ȿU�Y�� "@SK��u Classification of Business Complete the following questions in the time allowed by your teacher QUICK DEFINITIONS Write a short, accurate definition for each of the following key terms. Business and Profession: Business is a sum total of activities pursued with a purpose to produce and accumulate wealth. %PDF-1.6 %���� 0 8r@M���Ch�17�4���R��&�J�ɕq~�����Hl!��u@�����;�B��AT1\ 0 ̯� �`�h0�h��`�h``� ��4�`' We are consuming many other things which have to be generally paid for. The Sections subdivide the entire spectrum of productive activities 9341 0 obj <> endobj The sectorwhere raw material gets converted into useful products is called industry. 2. sections, divisions, groups, classes, branches, business activities and their respective description. The 2008 review produced recommendations to revise the scheme, with revisions effective from August 2009. x���Mo�@��H��9B%��dA�"��?ZCR�I�q�b�.=��w7MC;vm ����3������jV�ɉ�u5�:��K�\=\��χ���Z�-��n��_jc:�W7���)$��A��m}�-��|���X�#�m}zK� Cambridge IGCSE Business Studies 1.2 – Classification of businesses. tries around the world have used ISIC as their national activity classification or have developed national classifications derived from ISIC. Commerce generally includes all activities … Primary Sector – Extracts and uses the natural resources from the earth. Industry, and. Define: primary sector The sector of the economy that produces unrefined raw materials (e.g. h�b```"�Z^�ʰ !��SuWL������lɍ�98 endstream endobj 51 0 obj <> endobj 52 0 obj <> endobj 53 0 obj <>stream 2. Industry – It is concerned with the production or processing of goods and materials. Classification of Business Activities - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. 63 0 obj <>/Filter/FlateDecode/ID[<7A2D7BBB2B46944780BE0D97691BEBC3><7AE3E9780D8D6442B245423D6E58FD76>]/Index[50 22]/Info 49 0 R/Length 73/Prev 45783/Root 51 0 R/Size 72/Type/XRef/W[1 2 1]>>stream Commerce – It includes all those activities which are necessary for facilitating the exchange of goods and services. Though the basic requirements of human beings are three viz., food, clothing and shelter. The purpose of industry is to create form utility by converting raw materials into useful forms of finished products. �Uޡ=ޑZ�l����O�Yg�n���+ ���R��,�2v���zi���TL���#�y��:�����'�t~����iu���u��>nW�nt_�6��f�A���RVcQ]}��(�׫�M��sr���u):��1d����EJzȢ!� ;�F�h��Mvq��­ܪ�v���Z��w#���l�X�0�C(�;�u�d_A�-!�;0�ÊQ,H��`W��,Pc���_�\� X>K� 50 0 obj <> endobj Activities related to production & processing as well as activities related to rearing & reproduction of animals or other living species are all included in the industry.

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