1.1 Types of business activity Flashcards
1
Q
What are primary activities of a business?
A
Converting and extracting raw materials from the earth
2
Q
What are secondary activities of a business?
A
Converting and processing raw materials into usable goods
3
Q
What are tertiary activities of a business?
A
Provides services that are intangible in nature (selling goods)
4
Q
What are examples of a primary activity?
A
Fishing, Mining, Forestry
5
Q
What are examples of a secondary activity?
A
Food processing, Plastic, Manufacturing
6
Q
What are examples of a tertiary activity?
A
Transport, Administration, Education, Health
