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UNTI 1- BUSINESS AND THE ENVIRONMENT
DEFINITIONS
CHAPTER 1- THE NEED FOR AND NATURE OF BUSINESS ACTIVITY

1. Articles of Association: concern the internal workings and control
of the business, eg; names of directors and the procedures to be
followed at meetings will be detailed.
2. De-industrialisation: The decline in…

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include health and education services, defence, public law and
order.
16. Secondary Industry: made up of indistries engaged in
manufacturing products or construction.
17. Sole Trader: An individual owning and operating a business on
his/her own.
18. Tertiary Industry: business activity that provides services for
consumers and other businesses.

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