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Business > Understanding business activity > Flashcards

Understanding business activity Flashcards

Classification of businesses

1
Q

Explain the primary stage

A

Involves extraction of raw materials/gift of nature/natural resources from nature,earth,sea

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2
Q

Explain secondary stage

A

Involves turning raw materials into finished goods/semi-finished good

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3
Q

Explain tertiary stage

A

Involves all services that are provided to customer

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Business (13 decks)

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