Classification of Industrial sectors in Which Businesses Operate

Most businesses are classified according to the industry that they operate in. Some of these will be large firms that focus on a specific kind of industry, just like Apple or Walmart, even though others specialize in a particular type of service or product. Examples of sectors in which businesses may function include advertising, mattress creation, real estate, and oil. ExxonMobil, for instance, functions business by providing oil to customers. Additional industries incorporate restaurants, boutiques, and other small businesses.

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