Types of Business Activity Flashcards
1
Q
A type of business that provides intangible products(no physical form)
A
Service Activity
2
Q
Buys product at wholesale price and sells at the same retail price
A
Merchandising Business
3
Q
Buys product with the intentional of using them as making as materials in making a new product. Thus, there is a transformation of the product purchased
A
Manufacturing Business
