Introduction To Business: Business Sectors

Question 1

Distinguish between primary, secondary, tertiary

Answer 1

Primary: includes the production of raw materials and agriculture

Secondary:is the assembling and transformimg of raw materials into goods

Tertiary: is the selling of goods and services

Question 2

Distinguish between private, public and third sector organisations

Answer 2

Public sector : owned by the government and funded by the government aims to provide a service and not make profit

Private sector: run by individuals or groups of individuals who aim to make a profit

Third sector included voluntary and community organisations