Classification of Market sectors in Which Businesses Operate

Most businesses are classified in line with the industry they operate in. Some of these are large businesses that focus on a specific kind of industry, such as Apple or perhaps Walmart, whilst other folks specialize in a specific type of service or product. Examples of market sectors in which businesses may manage include promoting, mattress creation, real estate, and oil. ExxonMobil, for instance, performs business by giving oil to customers. Additional industries include restaurants, boutiques, and other small businesses.

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