6 Basic Activities of Business. Generate ideas Raise capital (owners equity or loans) Employing & Training personnel Buy goods & services Necessary equipment Accounting, legal & advertising services Marketing goods & services Maintain business records. Types of Businesses.
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Producers- create the products and services used by individuals and other businesses.
Service businesses are the fastest growing part of the U.S. economy. Currently, 60% of all businesses are service-producing businesses.
Vanguard Cleaning Systems
Denny’s Entrepreneur Inc.