Features of a Business

Question 1

What do businesses in the primary sector do?

Answer 1

Businesses that extract natural resources that can then be used by others to produce resources

Question 2

What do businesses in the secondary sector do?

Answer 2

Businesses that turn raw materials into finished goods or components

Question 3

What do businesses in the tertiary sector do?

Answer 3

Businesses that provide services to individuals or other businesses

Question 4

What do businesses in the quarternary sector do?

Answer 4

Businesses within a tertiary sector, that specialise in knowledge

Question 5

What are local businesses?

Answer 5

Sells within a small geographical area e.g. a town/county

Question 6

What are national businesses?

Answer 6

Sells across the whole country

Question 7

What are international businesses?

Answer 7

Sells in multiple countries

Question 8

How many staff in a micro business?

Answer 8

Up to 9 staff

Question 9

How many staff in a small business?

Answer 9

Between 10 and 49 staff

Question 10

How many staff in a medium business?

Answer 10

Between 50 and 249

Question 11

How many staff in a large business?

Answer 11

More than 250