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Multinational Company
A Company or corporation operating in more than two countries.
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Commercial Organisation
An organisation that sells products or services in order to make profit.
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National Company
Firms and industries owned, controlled and financed by the state.
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Financial Services
Businesses like banks, credit card companies, insurance companies and building societies.
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Retail Services
Organisation involved in providing activities related to selling goods or providing services for the final consumer. These range from small corner shops to large chains like Marks and Spencer’s.
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Utilities
Essential services such as gas, water and electricity suppliers.
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Transport
Trains, planes and buses
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Manufacturing
Maker of gods. Air buses, Rolls- Royce, Honda
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Public Services
Are funded by central or local government, through taxes to provide health, education or other services.
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Primary production
This involves acquiring raw materials. For example, metals and coal have to be mined, oil drilled from the ground, rubber tapped from trees, foodstuffs farmed and fish trawled. This is sometimes known as extraction production.
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Secondary production
This is the manufacturing and assembly process. It involves converting raw materials into components, for example, making plastics from oil. It also involves assembling the product, e.g. building houses, bridges and roads.
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Tertiary production
This refers to the commercial services that support the production and distribution process, e.g. insurance, transport, advertising, warehousing and other services such as teaching and health care.  Service industries e.g. transport, banking, insura
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Department
A group of people performing a particular job function under the direction of a department manager.
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Job Functions
 Within organisations, staff are responsible for carrying out tasks.  Small organisations have one person carrying out more than one job function.  Large organisations have departments for each function.
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Other cards in this set

Card 2

Front

An organisation that sells products or services in order to make profit.

Back

Commercial Organisation

Card 3

Front

Firms and industries owned, controlled and financed by the state.

Back

Preview of the back of card 3

Card 4

Front

Businesses like banks, credit card companies, insurance companies and building societies.

Back

Preview of the back of card 4

Card 5

Front

Organisation involved in providing activities related to selling goods or providing services for the final consumer. These range from small corner shops to large chains like Marks and Spencer’s.

Back

Preview of the back of card 5
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