Pshee year 9
- Created by: epic indi
- Created on: 18-03-19 12:44
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- PSHEE Working Life Year 9
- Sectors of the Economy
- Primary
- Makes direct use of natural rresources.
- Jobs- Farmer, miner, fisherman
- Secondary
- Industrial sector - manufacture of finished products.
- builder, factory worker.
- Tertiarty
- Production of services.
- Examples- education, healthcare, banking
- Primary
- Enterprise Zones
- Are designated area across England that provide tax breaks and government support.
- Are great places to do business especially for new and expanding firms.
- factors to consider for the location of your business.
- Busy area
- Proximity to competitors
- wealth in the community
- Easily accessible/ not near to traffic. Close to transport services.
- Local surroundings near train station.
- Cheap rent.
- Channel of Distribuiton
- A path through which goods and aervices flow in one direction (from vendor to consumer)
- The payments generated by them flow in the opposite direction (from consumer to vendor).
- Job production
- Where items are made individually.
- Example a person designing a dress.
- Batch Production
- Where groups of items are made together.
- Flow production
- Where identical items are produced on an assembly line.
- Example: Cars
- Types of pay
- Minimum wage
- Tips
- Commission - per item they sell.
- Bonus - added pay for good work
- Piecework - per number of items made.
- Fringe Benefits - company car, gym membership.
- Training
- Employees
- Helps with promotion
- Upgrade skills
- Build confidence
- On the job training is not in depth.
- Employers
- Promotes flexibility.
- Higher standard of work.
- on the job training is cheap.
- Outside training can be expensive
- Can lose working hours.
- Employees
- Sectors of the Economy
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