classification of businesses

Question 1

what are the 3 classifications of business sectors

Answer 1

primary sector
secondary sector
tertiary sector

Question 2

what is the primary sector

Answer 2

business industries which involve in the extraction of raw materials from the earth

Question 3

what are some examples of the primary sector

Answer 3

fishing
mining and quarrying
agriculture
forestry, so cutting down trees

Question 4

what is the secondary sector

Answer 4

the sector that involves in the conversion of raw materials into finished or semi finished goods, like manufacturing of furniture using wood

Question 5

what are assembly plants

Answer 5

factory where parts are put togethor to make the finished product

Question 6

what is the tertiary sector

Answer 6

the production of services in the economy

Question 7

what are some examples of tertiary sector

Answer 7

commercial services like flight, delivery
financial services like accounting or banking
household services like plumbing
leisure services like spas, waiters, chaeuffers, hotels and libraries
professional sevices like medical care
transport like train or taxi

Question 8

what is interdependance in these 3 sectors

Answer 8

businesses in these three sectors are likely to be interdependant meaning they are dependent on each other for example the tertiary sectors are reliant on medical equipment like bandages or surgical equipment which are produced by secondary sectors which are reliant on wood, metal, cotton which are produced by the primary sector

Question 9

how can sector employment change

Answer 9

the number of people employed in each sector can change due to demand, so people will prefer to spend on services ather than goods, as there is economic growth, public sectors grow causing services to increase, advances in technology because machines can replace people in the secondary sector for manufacturing

Question 10

what is deintrustialisation

Answer 10

the decline in manufacturing