Business Activities Classification
Business activities may be classified into several categories depending on the type and requirements of the company. The main business activities are marketing, finance, production, and human resources.
Types of Business Activities
- Operations
- Logistics
- Marketing
- Finance
- Production
- Human Resources
The 3 types of activities, based on their nature, are operating, financing, and investing. Operating activities directly impact goods and services. Financing activities fund the business. Investing activities relate to long-term assets.
Maximizing Profits and Operations
The purpose is to maximize profits. Sales teams secure repeat sales. Marketing develops the brand. Finance manages cash flow. Human resources maximize productivity. Customer satisfaction is crucial.
Industry and Commerce Classification
We can classify business activities into industry and commerce. Commerce includes trade and auxiliaries. Industry involves production. Examples of industrial activities are mining and farming. All derive from 5 core types: primary, secondary, tertiary, quaternary, and quinary.