Classification of businesses

Question 1

how many sectors are there in the classification of businesses?

Answer 1

primary sector, secondary sector and tertiary sector.

Question 2

define and give examples of primary sector.

Answer 2

extracting or harvesting natural resources from the land or sea, they also provides raw materials for the secondary sectors.
like farming, fishing and mining.

Question 3

define and give examples of secondary sector.

Answer 3

takes the raw materials from the primary sectors and turns these raw materials to finished goods. like refining, manufacturing or construction.

Question 4

define and give examples of tertiary sectors.

Answer 4

services that takes secondary sector’s products and sells it to the final consumer.
for example, restaurants, shopping malls and any retail markets or stores.

Question 5

how do the sectors depend on eachother?

Answer 5

by the chain of production

Question 6

define the chain of production

Answer 6

chain of production is the production and supply of goods to the final consumer involves activities from the all three sectors of the businesses.
primary sector > secondary sector > tertiary sector

Question 7

what are the two important changes of the business classification?

Answer 7

• A change in consumer behaviours
• A change in business behaviours

Question 8

industrialisation

Answer 8

the reduced importance of primary sectors

Question 9

de-industrialisation

Answer 9

importance of the tertiary sector and reduced importance of secondary sector