Business sectors ✔️

Question 1

Primary sector organisation

Answer 1

businesses that produce or extract raw materials. E.g. fishing, farming & mining.

Question 2

Secondary sector organisation

Answer 2

A business that makes or manufactures goods. E.g. food manufacturers such as Heinz & car manufacturers such as BMW.

Question 3

tertiary sector organisation

Answer 3

A business that provides services. E.g. estate agents, hairdressers & restaurants.

Question 4

Private organisation

Answer 4

A private organization is any partnership, corporation, person, or agency that is not operated by a profit or a public body (not government owned).

Question 5

Public organisation

Answer 5

A business that is owned by the government. They provide goods and services for the benefit of the community.

Question 6

Third sector organisation

Answer 6

A business that is owned and run voluntarily by trustees. Not run to make profit but to help the community

Question 7

Local market

Answer 7

A market in a specific geographic location where businesses sell goods and services to local consumers.

Question 8

National market

Answer 8

A market that encompasses an entire country, where businesses sell goods and services to consumers across the country.

Question 9

International/global market

Answer 9

A market that operates across multiple countries, where businesses sell goods and services to consumers in multiple countries.

Question 10

National business

Answer 10

A business that operates in multiple regions within a country, serving only that country’s consumer base.

Question 11

Multinational business

Answer 11

A business that operates in multiple businesses. Providing goods/services globally