Nature of Business Operations

Many business are classified in one of these four types which are service, merchandising, manufacturing or financial services. But there are also some business that are a combination of two or more.

Service.A service company provides services to their clients for a fee.

Merchandising. A merchandising company buys goods which are available for sale, they add value to it, then sells them to customers with the added value.

Manufacturing. A manufacturing company buys the materials, converts them into products then sell these products to customers.

Financial services. Financial services companies deal in services related to money.