KINDS OF

BUSINESS
THE EXTENT AND NATURE OF BUSINESS ACTIVITIES ARE ALMOST AS
DIVERSE AND COMPREHENSIVE AS THE TOTALITY OF THE SOCIAL AND
ECONOMIC INTEREST OF MAN .

W.R. SPREIGEL CLASSIFIES BUSINESS ACTIVITIES INTO THREE BROAD

GROUPS
COMMERCE
INDUSTRY
SERVICE
COMMERCE

• Refers to the transfer or exchange of goods and services with the movement
of goods from point of production to point of consumption
• It covers buying ,selling ,marketing and merchandising which are directly
involve in the transfer of goods.
• Trading is also part of commerce ,trade may be either retail or wholesale
domestic or foreign .
INDUSTRY

• Is a primarily concerned with the creation of form utility or the

production of goods that are used either by the consumer or the
producers
• The broad grouping of industry is further subdivided into
GENETIC ,EXTRACTIVE , MANUFACTURING and
CONSTRUCTION INDUSTRY.
 GENETIC

• Derived from the word “genesis” or beginning it includes agriculture

,forestry and fish culture

EXTRACTIVE
• Industries include mining , lumbering , hunting and fishing . They are
characterized by the extraction of goods from natural resources.
 MANUFACTURING
INVOLVED IN THE CHANGING OF RAW MATERIALS OR
SECONDARY PRODUCTS INTO A MORE USEFUL FORMS

CONSTRUCTIOS
May range from the building of multi millions peso
highways, airport and many storied skyscrapers to the
more humble dwellings and residences where we lived.
SERVICES

• These enterprise cater to personal needs of people, or

with the rendering of a personal service.
• Personal services include such as businesses as
restaurant, hotels, lodging houses , laundry shops ,beauty
parlor , barbers shop, portrait and photographic studies ,
and refreshment parlor .
 WHY PEOPLE GO INTO BUSINESS ?

• PEOPLE GO INTO BUSINESS FOR A VARIETY OF

REASONS .THEY MAY GO INTO BUSINESS AS
OWNERS OR EMPLOYEE OR MAY BE DUE TO THE
FACT THAT PERSON FINDS NO EASIER OR MORE
SATISFACTORY WAY OF LIVING.
THERE ARE CERTAIN VALUES NEED TO
CONSIDER IF PEOPLE GO INTO BUSINESS
• SOCIAL APPROVAL
• PROFIT
• SERVICE TO THE COMMUNITY AND TO EMPLOYEE
• PERSONAL SATISFACTION
• POWER
• PROTECTON
•STATISTICS
•ECONOMICS
•SOCIOLOGY
•Psychology