Introduction to Business - Business Sectors Flashcards
1
Q
What is a primary organisation?
A
Extraction of raw materials
2
Q
What is a secondary organisation?
A
Turning the raw materials into a semi-finished product
3
Q
What is a tertiary organisation?
A
Offering a service
4
Q
What is the private sector?
A
Sell limited shares
5
Q
What is the public sector?
A
Sell shares on a local market
6
Q
What is a local market?
A
Within your community
7
Q
What is a national market?
A
Within your nation
8
Q
What is an international market?
A
Across the globe
