Write a note on the area of business.

The Business area is an Organizational unit that corresponds to a specific business area of responsibility in a company. All those activities that assist in manufacturing, producing, etc. are under the area of business.

The business activity comprises of Industry and commerce.

Industries consist of:

a. Genetic: It concerns with goods and services that enhance the different sectors like agriculture, health, etc.

b. Extraction: Deals with the extraction of metals, gas, fishing, etc

c. Manufacturing: It deals with producing goods from raw materials.

d. Construction: It deals with the construction of roads, buildings, etc.

e. Combination: It deals with the production of goods that require small as well as big tools. Example: Car, Scooter, etc.

Commerce consists of:

a. Business: Buying an selling of products.

b. Ancillary activities: These are activities that help in developing or providing better product and services.

(i) Transport

(ii) Insurance

(iii) Storage

(iv) Communication

(v) Banking