Explains the difference between Industry and commerce

1. 2. INDUSTRY & COMMERCE
Business Definition (Urwick & Hunt)

2. CLASSIFICATION OF BUSINESS
ACTIVITIES
• Basic needs of Human beings
• Manufacturers Wholesalers, Retailers Customer
(Middlemen/Trader)

3. Industry
• Production side of Business: Raising, producing, processing or
manufacturing of products
• Producer’s Goods Consumer’s Goods
Extractive Industry Manufacturing industry Construction Industry

4. TYPES OF INDUSTRIES
Primary Industry Genetic Industry Extractive Industry
Manufacturing
Industry
Construction Industry Service Industry

5. Commerce
• All functions which are essential for maintaining a free and
uninterrupted flow of goods. (TRADE)
• Wholesaler Trader ---- Retail Trader

6. AIDS/AUXILLARIES TO TRADE
Transportation Warehousing Insurance
Advertising Banking

7. E-Commerce
• Electronic Commerce means
buying and selling of goods and
services on the Internet.
e-business ,E-tailing
TYPES OF E-Commerce, Superfluos Government Interaction

8. DifferencebetweenTraditionalBusinessandE-
business
Basis of Differences Traditional Business E-business
Formation
Physical Presence
Cost of Establishment
Operating cost
Dealing Time
Opportunity for inter-
personal touch
Length of Business Cycle
Government Help
Global Reach

9. ADVANTAGES OF E-COMMERCE