LO1: sectors Flashcards
1
Q
what three business sectors are there?
A
primary, secondary, tertinary
2
Q
what is the primary sector?
A
businesses that make direct use out of resources
3
Q
what is the secondary sector?
A
businesses that manufacture products using raw materials
4
Q
what is tertiary sectors?
A
businesses that provide a service to the customers
5
Q
examples of industries that are primary sectors
A
agriculture, mining, fishing and forestry
6
Q
examples of industries that are secondary sectors
A
engineering, manufacturing and construction
7
Q
examples of industries that are tertiary sectors
A
retail, removal van services, restaurants etc.
8
Q
what is a production chain?
A
the process through which a product is transformed from raw materials into a finished product, ready to be consumed
