Sectors of Industry Flashcards

1
Q

What are the three different types of sectors?

A
  1. Primary
  2. Secondary
  3. Tertiary
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2
Q

What does the primary sector do?

A

The primary sector is involved in extraction of natural material from nature.

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3
Q

Give five examples of jobs in the primary sector.

A
  1. Logging
  2. Mining
  3. Farming
  4. Oil Extraction
  5. Quarrying
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4
Q

What does the secondary sector do?

A

The secondary sector manufactures products from materials provided by the primary sector.

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5
Q

Give five examples of products manufactured by materials from the primary sector.

A
  1. Cotton manufactured into clothing
  2. Wood manufactured into furniture
  3. Farmed animals manufactured into meat or fish
  4. Oil manufactured into petrol
  5. Animal products manufactured into food or drink
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6
Q

What does the tertiary sector do?

A

The tertiary sector provides a service or finished products to clients or customers.

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7
Q

Give three examples of jobs in the tertiary sector.

A
  1. Clothing retail shop
  2. Veterinary service
  3. Designing a website
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8
Q

What are the different organisations and individuals that ensure businesses are successful, safe and lawful?

A

Suppliers
Representative Organisations and Professional Bodies
Competitors
Customers
Regulatory Bodies

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9
Q

What do suppliers do?

A

Suppliers provide materials or goods needed to make or sell a product or service.

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10
Q

What is the supplier’s aim?

A

To receive a fair price for goods and service it provides in order to make a profit.

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11
Q

What do representative organisations and professional bodies do?

A

Represent the interest of people who work in a particular industry.

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12
Q

What are the representative organisations and professional bodies’ aims?

A

To increase the number of members so they have more power.
To persuade the government to make policy to improve the industry.
To seek to improve working conditions for employees.

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13
Q

What do competitors do?

A

Work in competition with other businesses in the same industry.

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14
Q

What is the competitors’ aim?

A

To increase the number of customers and products that they sell.

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15
Q

Why are competitors good for customers?

A

Product quality improves
Sometimes prices fall.

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16
Q

What do customers do?

A

Purchase the goods and service businesses provide
Generate revenue for businesses

17
Q

What is the customer’s aim?

A

To receive high quality goods and services at affordable prices.

18
Q

What are regulatory bodies?

A

Regulatory bodies are organisations that are created when laws are passed by the government.

19
Q

What is the regulatory bodies’ aim?

A

To ensure that anyone who operates within the area is covered by the laws that are passed by the government.

20
Q

What can regulatory bodies do to people who break the law?

A

Prosecute or bar people from running a business