Question

Research the topic, Classifications of Business, then write four to six paragraphs explaining which classifications of business you utilize in your day-to-day life.

Incorporate at least four types and illustrate how they translate into your daily life. Use complete sentences and proper paragraph form. (Follow APA style.)

Answer 1

Electric companies provide light for homes and powers household appliances that you use in your everyday life. Appliances such as a refrigerator, washer, dryer, stove, heating/air, and water heater. A refrigerator keeps your cold foods cold and frozen food froze in order to keep them from perishing. A washer/dryer wash and dry your clothes so that you are able to wear them again and have clean clothes. Heating/Air to keep your house warm and cool as well as a water heater for showers and etc.

Phone companies such as AT&T provide you with a cellular phone or device in order to be able to stay connected. You will be able to connect with family and friends as well as your job and the world. Phone companies also provide home phones for your house. They also provide WiFi for homes so your devices will have better service and you are able to connect smart TV's. Phone companies have many services for you and your family.

Grocery stores provide fresh foods. Foods such as fresh meat and vegetables. At grocery stores, you can find all the ingredients for your meals. Dairy products like milk, cheeses, and yogurts. You can find everything from fruits to pastries and seasonings.

Banks provide many services. Services like Checking accounts, Savings accounts, Debit & credit cards, Insurance*, Wealth management. A bank’s job is to provide customers with financial services that help people better manage their lives. As technology advances and competition increases, banks are offering different types of services to stay current and attract customers. Banking is used by everyone in order to live their everyday life.

Answer 2

When a person prepares meals, or cook at home, or repair housing items, that could be associated to the category of Production or Manufacturing.

Whenever a person plan its day or set up a monthly budged or make a list to go for groceries that could be allocated in the category of General and Administrative type of business.

When people put together a fashion style, certain hairstyle, or buy clothes to identify themselves with a community or simply express themselves through their attire in public, that could be classified as Marketing or sales.

And when people go to church or visit their relatives or gather with friends and follow social norms like celebrating holidays with family or peers, or pay their bills, that could be classified as the legal and compliance type of business.