OCR Business and People Keywords 0.0 / 5 ? Business StudiesKeywordsGCSEOCR Created by: Hannah Louise MunroCreated on: 06-04-17 10:29 Chain of production Process of a product starting as a raw material, manufactured in secondary production and then served in some way in tertiary sector. 1 of 6 Primary sector First stage of production involving extraction of raw materials. 2 of 6 Secondary sector Second stage of production where the raw materials are manufactured into finished production. 3 of 6 Tertiary sector Third stage of production, where a service is provided to customers. 4 of 6 Interdependence The way different sectors depend on eachother. 5 of 6 Specialisation Where a business concentrates on one particular activity. 6 of 6
OCR Cambridge National I Enterprise and Marketing Level 1/2 (Business Studies Keywords/Concepts Flashcards) 4.5 / 5 based on 2 ratings
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