Business Sectors Flashcards
1
Q
Primary sectors
A
Is the extraction of raw materials
2
Q
Secondary sector
A
Conversion of raw materials into goods
3
Q
Tertiary sector
A
Provision of service
4
Q
Private sector
A
Owned by individuals
5
Q
Public sector
A
Owned by government and they provide goods and services for the Benifot for thr community
6
Q
Third sector
A
They are value driven organisations not driven by profit
7
Q
Incorporated
A
Limited liability the business and owners have legal serperation
8
Q
Unincorporated
A
The business and the owner are legally joined together
