Business, Industry, Trade, and Commerce.
A critical discussion into business, industry, trade, and commerce. Fabrice Tshiyoyi Banyingela Your student ID number : R2308D16950940 Module Name: Theories of Management Module code: UU-MBA-712-ZM Date: 18 February 2023 A business is an organization engaged in commercial, industrial, or professional activities for the economic production of goods or services through the satisfaction of human needs. The fundamental concept of human existence is centered around business which can be for-profit or non-profit and can range from sole proprietorships to large corporations. Business is referred to as an industry where goods and services are produced by the seller, and commerce involves buying from others and making them available to consumers. Therefore, industries are groups of companies that produce similar products (goods) or services based on their primary business activities. They are classified into sectors and can grow or shift with time as innovations emerg...