Write the differences between manufacturing and trading business activ

1.	Write the differences between manufacturing and trading business activities.
Answer» Manufacturing Business is one that coverts raw materials into finished products to meet the demands of the customer. In this form of business, the finished product can be directly sold to the customer. A factory that produces purified packaged drinking water is an example of manufacturing business. Trading Business does not manufacture a good or product but only facilitates the act of bringing the finished goods from the manufacturing unit to the buyer or customer. A pharmacy selling medicines produced or manufactured by different pharmaceutical companies is a trading business.

Write the differences between manufacturing and trading business activities.

Answer»

Manufacturing Business is one that coverts raw materials into finished products to meet the demands of the customer. In this form of business, the finished product can be directly sold to the customer. A factory that produces purified packaged drinking water is an example of manufacturing business.

Trading Business does not manufacture a good or product but only facilitates the act of bringing the finished goods from the manufacturing unit to the buyer or customer. A pharmacy selling medicines produced or manufactured by different pharmaceutical companies is a trading business.

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