What is Business? And Explain its types?

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Business: 

A business is an organization where people work together. In a business , people work to make an sell product or services. Other people buy the product and services. A business  can earn a profit for the product and service it offer. The word comes from the word busy, and means doing things.

Type of business :

* Service sector
* Manufacturing sector
* Trade sector

Service sector: In this type of business person or organization provides a particular type of to the customer and earn benefit .

for example - Teaching service , material service , entertainment
service etc.

Manufacturing sector: In this type of business an organization manufacturing various product and sold them to distributor and customer to earn benefit.

for example - mobile manufacturing , bike , motor manufacturing etc.

Trade sector :  In this type of business a distributor purchase  product from the manufacturer and sold them to the customer to earn benefits.

for examples - TV seller , mobile seller , machine seller etc


                                                                                             Management Notes By Maruti Kumar