Download CBSE Revision Notes for CBSE Class 11 Business Studies Nature and Purpose of Business Business -Concept includes meaning and features. Industry: Industry is concerned with the making or manufacturing of goods. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services. CBSE Class 11 Business Studies - Classification of Business Activities Worksheets have become an integral part of the education system. Class-11-commerce ยป Business Studies. These video classes have been designed for Class 11 students -commerce students who wish to appear for and are preparing for CBSE and other Board Exams. Audience. CBSE Business Studies Chapter 1 Nature and Purpose of Business in PDF format are available for free download in myCBSEguide mobile app. Explain through flow chart " classification of business activities " Share with your friends. The best app for CBSE students now provides Nature and Purpose of Business class 11 Notes Business Studies latest chapter wise notes for quick preparation of CBSE exams and school based annual examinations. Dear Student Business activities can be classified as follows: Business activity is classified in two categories : 1.) Industry refers to economic activities which are connected with conversion of resources into useful goods. Business Trade and Commerce. Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Worksheets are very critical for every student to practice his/ her concepts. class 11 business studies topic internal trade Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Classification of business activities: Business activities may be classified into broad categories: industry and commerce. Business, profession and employment-Concept, Objectives of business, Classification of business activities - Industry and Commerce, Industry-types, Commerce-trade, Business risk-Concept. Share 3. We shall understand what are economic activities, forms of business organisation, emerging modes of business, finance and trade in detail. Industry:- These are concerned with activities of converting resources into useful goods. Ans: Chapter 1 of Class 11 Business Studies elaborates on Business, trade and commerce and briefly explains the meaning of these terms. Industries may be: primary, secondary or tertiary. 1. If you continue browsing the site, you agree to the use of cookies on this website.