Name the process of asexual reproduction shown by yeast. What type of living being is yeast? What is its commercial importance?

Explanation

### Step-by-Step Solution

1. **Identify the Process of Asexual Reproduction in Yeast**:
- The process of asexual reproduction shown by yeast is called **budding**. In this process, a new organism develops from an outgrowth or bud on the parent organism.

2. **Classify Yeast**:
- Yeast is classified as a **fungus**. It is a type of single-celled organism that belongs to the kingdom Fungi.

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