Owky 3 Explains the businesses below and give one example for each 3.1Service business =Example 3.2 Trading business =Example 3.3 Manufacturing =Exmple

Here are the explanations and examples for each business type:

1.3.1 A service business provides intangible services to customers rather than physical products. Their value comes from the skills, expertise, or labor they offer.
Example: A hair salon offering haircuts and styling.

1.3.2 A trading business (also known as a retail or wholesale business) buys finished goods from suppliers and then resells them to customers without significantly altering the product.
Example: A clothing store selling garments from various brands.

1.3.3 A manufacturing business takes raw materials or components and transforms them into finished products using machinery, labor, and processes.
Example: A car factory assembling vehicles from parts.