Business Classifications

Wednesday, March 5, 2008 | | |

Wall Street, Manhattan is the place of the New York Stock Exchange and is often used as a symbol for the business world. [Change]
Wall Street, Manhattan is the place of the New York Stock Exchange and is often used as a symbol for the business world. [Change]
Commercial Street, Bangalore. India

There are many types of companies and, therefore, enterprises are classified in many ways. One of the most common focuses on the main activities to generate profits of a company:

* Manufacturers of products from raw materials or spare parts, which they then sell at a profit. Companies that make physical goods such as cars or pipes, are considered manufacturers.
* The service businesses offer intangible goods or services in general and generate a profit by charging for labour or other services provided to government, other businesses or consumers. Organizations ranging from house to decorate consulting firms to restaurants and even leaders are types of service businesses.
* Retailers and distributors serve as a means of men get the goods produced by manufacturers to consumers, generating a profit as a result of the sale or supply of utilities. Most consumers based stores and catalog companies are distributors or retailers. See also: The franchise
* The agriculture and mining companies are involved in the production of raw materials, such as plants or minerals.
* Financial companies are banks and other companies that generate profits through investment and capital management.
* Information on businesses generate profits mainly from the resale of intellectual property and film studios, publishers and software.
* Utilities produce public services, such as heat, electricity or sewage treatment, and are generally chartered government.
* Real estate companies generate profits from the sale, rental and development of properties, houses, buildings.
* Companies transport goods and people from one place to another, generating a profit on transport costs

There are many other divisions and subdivisions of businesses. The official list of types of activities for North America (although it is widely used throughout the world [change]) is generally regarded as the North American Industry Classification System, or NAICS. The equivalent of the European Union list is NACE.

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