1.7 Flashcards
1
Q
Classification of Businesses
A
Business Sectors
2
Q
Primary Sector
A
● Includes activity whose production involves extracting raw materials from
the earth.
● Examples: Mining, agriculture, fishing, farming and forestry
3
Q
Secondary Sector
A
● Involves the conversión of raw materials into finished and semi-finished
goods.
● Examples: Car production, textile production, food processing,
constructing…
4
Q
Tertiary Sector
A
● Includes the provision of services. Services may range from commercial,
financial, household, leisure, professional and transport.
● Examples: Hairdressing, distribution, security, banking, concierge.
5
Q
Business Sectors
A
extraction of raw materials -
production/ manufacture - services - consumers.
6
Q
Business sectors
A
-are INTERDEPENDENT
-form a CHAIN OF PRODUCTION
