Business Sectors (Grade 12 NSC Matric Business Studies): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Business sectors
Business sectors
Categories grouping businesses by what they do & how they operate
Number of main business sectors
Number of main business sectors
Three
Primary sector role
Primary sector role
Extracts resources directly from nature (the 'gatherer')
Alternative name for primary sector
Alternative name for primary sector
Extractive sector
Secondary sector role
Secondary sector role
Transforms raw materials into useful products (the 'maker')
What secondary sector does to raw materials
What secondary sector does to raw materials
Adds value by changing their form
Tertiary sector role
Tertiary sector role
Provides services & distributes products (the 'server')
What tertiary sector provides instead of physical products
What tertiary sector provides instead of physical products
Services
Interdependent (in business sectors context)
Interdependent (in business sectors context)
Sectors rely on each other to be successful
Order of production chain through sectors
Order of production chain through sectors
Primary → Secondary → Tertiary