Form 1 Business Studies online lessons on business and its environment
Explain the different types of business activities.
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Explanation/Answer Text:
Examples of business activities:
-Processing-This involves the conversion of raw materials into more useful products without combining it with other goods. Examples here include milling/grinding flour, refining oil, tanning of skins and hides, conversion of iron into steel e.t.c
-Manufacturing-This involves combining different raw materials to come up with one final
product. Such activities include bread baking, making a table e.t.c
-Construction-This involves building of structures such as bridges,ships,aeroplanes,houses,roads,railways e.t.c
-Distribution of goods-This refers to the activities involved in moving goods from where they are produced to where they are needed. People who carry out distribution are called distributors. Examples of distributors are wholesalers and retailers.
-Trade-Activities in this category involve the buying and selling of goods with a view of making a profit. People involved in trade are called traders.
-Provisions of services-Activities in this category involve human acts which
could be mental or physical. These include activities such as hair-cutting, hair styling, car-washing, nursing, teaching, driving, and entertaining e.t.c.
-Processing-This involves the conversion of raw materials into more useful products without combining it with other goods. Examples here include milling/grinding flour, refining oil, tanning of skins and hides, conversion of iron into steel e.t.c
-Manufacturing-This involves combining different raw materials to come up with one final
product. Such activities include bread baking, making a table e.t.c
-Construction-This involves building of structures such as bridges,ships,aeroplanes,houses,roads,railways e.t.c
-Distribution of goods-This refers to the activities involved in moving goods from where they are produced to where they are needed. People who carry out distribution are called distributors. Examples of distributors are wholesalers and retailers.
-Trade-Activities in this category involve the buying and selling of goods with a view of making a profit. People involved in trade are called traders.
-Provisions of services-Activities in this category involve human acts which
could be mental or physical. These include activities such as hair-cutting, hair styling, car-washing, nursing, teaching, driving, and entertaining e.t.c.
Questions/Lessons List
1. Explain the different types of business activities. ( free lesson)
2. What are the reasons for the existence of businesses ( free lesson)
4. Explain external business environment giving examples ( free lesson)
5. Outline the negative effects of the internal business environment to the business. ( free lesson)
7. Explain the Ways in which external environment can negatively impact on a business ( free lesson)
