Classification of Businesses
- Created by: DanielSmart
- Created on: 17-04-15 17:25
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- Classification of Businesses
- Tertiary Sector
- Firms that supply a service to consumers and other businesses
- Shops, Restaurants, Banks, Cinemas, Airlines
- Tertiary sector business activity involves providing services to the final consumers of businesses.
- Primary Sector
- Firms whose business activity involves the extraction of natural resources
- Farming, Fishing, Forestry, Mining
- Primary Sector business activity involves extracting or harvesting natural resources from the land or sea. These include agricultural products such as rice, fish, wood, coal and oil.
- Secondary Sector
- Firms that process and manufacture goods from natural resources
- Manufacturing refining Construction
- Secondary Sector business activity takes the natural resources produced by primary sector activity and turns these raw materials into finished goods.
- Tertiary Sector
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