Classification of Sectors in Which Businesses Operate

Most companies are classified in line with the industry they will operate in. Some of these will be large companies that give attention to a specific form of industry, just like Apple or Walmart, even though other folks specialize in a particular type of product or service. Examples of industries in which businesses may function include promoting, mattress creation, real estate, and oil. ExxonMobil, for instance, runs business by providing oil to customers. Different industries involve restaurants, retailers, and other small enterprises.

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