Sectors n business Flashcards
Which sector does Welders/Solderers work in?
Secondary sector
What is the Quaternary sector based on?
Knowlegde
Which sector has workers decreasing every year?
Primary sector
Which sector works with libraries?
Quaternary sector
Which sector is based on the Intellect?
Quinary sector
Which of these options belong to the Primary Sector?
1) coal
2) alloy
3) cast iron
4) slate
1) Coal & 4) Slate
Alloy & Cast Iron belong to the Secondary Sector -Metal Working Smelting
Following what did The Secondary Sector rose in the US?
Historic event
Great Depression
It (sector) contributed to 1/3 of the countries’ economy in 60s
What was the greatest deindustrialization?
UK’s Secondary Sector shrinking by 2/3 in the past 30 years
It created a lot of unemployment.
Which of these does not contribute to the Quaternary sector?
1. Energy utilities
2. Aerospace manufacturing
3. Information technologies
4. Scientific research
- Energy utilities & 2. Aerospace manufacturing
They belong to the Secondary Sector
What is the Eurozone?
1. Countries in the European Union
2. Countries that uses Euros as currency
3. Countries in Europe
4. 2&3
- Countries that uses Euros as currency
The value of goods and services produced within the geographical boundaries of a nation in a financial year is termed as?
1. GDP
2. GVA
3. GNA
4. GNP
- GDP
What does the GNP refer to?
The value of goods and services produced by the citizens of a nation irrespective of the geographical limits in a financial year.
Who contributes to the Quinary sector?
1. Seamstresses
2. Scientists
3. Ceos
4. none of the above
- None of the above
only big ceos hehehe
Which of these does not belong to the Tertiary Sector?
1. Media
2. Cinema
3. Tourism
4. Librairies
2&4
Quaternary
Profit in French?
Bénéfice
Profit est péjoratif
Products are
1. Services
2. Needs
3. Goods
4. None of the above
1&3
products satisfy needs
Business is an ‘?’ effort to produce ‘?’ and ‘?’ which can be ‘?’ to satisfy needs or wants of “?” in exchange for a ‘?’ or ‘?’ .
A business is an organized effort to produce goods or services which can be supplied to satisfy the needs or wants of customers in exchange for a reward or payment
Which is uncountable
1. This is my business, mind yours.
2. I work for this business
3. business is booming
5. None
1&3
Which sector provides essential services to citizens?
1. Public Sector
2. Third Sector
3. Tertiary Sector
4. 2&3
- Public sector
Which sector does non-governmental and
nonprofit making organizations or associations belong to?
Third sector
What is the private sector?
What’s owned by individuals or groups of individuals, the aim is to make a profit
Which businesses produce both goods and services?
1. Restaurants
2. Car repair shops
3. Computer stores
4. all of the above
ALL
Who provides the funds for a business?
1. Suppliers
2. Bank
3. Owner
4. 1&3
Bank and/or Owner
What are the 9 key elements for a business to operate
Finance, Labour, Customers, Suppliers, Premises&Equipment, Management, Competitive edge, Clear objective and Stategy
Which of these elements help develop and produce/ deliver a product?
1. Management
2. Customers
3. Suppliers
4. Labour
Labour
What is a venture Capital?
A risky investment
should a business be loyal to one supplier?
No
What is more important being located close to customers or suppliers? Why?
Suppliers
No Supply no product no customers lol
What depends of the Business activity?
1. Fund amount
2. Premises & Equipment
3. Management
4. Patent
1Fund amount & 2 Premises Equipment
What is a way to protect your original creation without other businesses being able to copy it exactly
1. Patent
2. Secrecy
3. Retaining key staff
4. Copyright
2 Secrecy 3 Retaining key staff
Patent n copyright are temporary
What the paid document in which you have to publish the manufacturing process and formula publically of a creation for it to work
Patent
When was the EU directive on trade secrets?
27 May 2016
Which of the objectives is the most important
1. Sell abroad
2. Make profits
3. Break even
4. Survive in the market
4 Survive in the market
What should be regularly compared to results in order to be adjusted?
Objectives
The type of business structure depends on
The strategyyyy
a Goal is
1. Accorded to the Company
2. To grow in size
3. Realistic
4. Adjusted to the results
1&3
How to compete
1. Choose a market
2. Plan how to perform better
3. Get the resources required
4. Boost motivation among employees
1,2&3
The importance of the public sector depends on the
political regime
Donald Trump wants to
re-develop the secondary sector because according to him too many people were employed in the tertiary sector
In the middle of the 19th century, less than 20% of the American labor force was engaged in the
provision of services
The figure rose to roughly 30% in 1900, 50% in 1950, and 80% in 2000.
In what year In England and Wales, 1/3 of the working class were to be found in the service industries
In 1841,
In 2001, almost 4/5 workers were employed in service industries.
blue-collar is ?
white-collar is?
ouvrier
employé
Traditional sector model is no longer the right one for many specialists for what reason?
many services in the tertiary sector
so people are trying to separate it
Which sector makes macroeconomic decisions
Quinary Sector
The business can also authorize other businesses to use its products or its brand name in exchange of?
Royalties
To break even is to
Gain as much as we spend
