Businesssectors2015

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Unit 1.2 Unit 1.2 The Different Sectors The Different Sectors Of Business Activity Of Business Activity

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IGCSE Business Studies: Economic Sectors

Transcript of Businesssectors2015

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Unit 1.2Unit 1.2The Different Sectors Of The Different Sectors Of

Business ActivityBusiness Activity

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The PRIMARY sectorThe PRIMARY sector

MiningMiningFarmingFarmingFishingFishingDrillingDrillingForestryForestry

BASICALLY ANY BASICALLY ANY EXTRACTIVEEXTRACTIVE BUSINESSBUSINESS

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The SECONDARY sectorThe SECONDARY sector

ManufacturingManufacturing ConstructionConstruction Ship buildingShip building ProcessingProcessing

Basically any business Basically any business that CHANGES a that CHANGES a product in any way.product in any way.

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The TERTIARY sectorThe TERTIARY sector

BankingBanking RetailingRetailing InsuranceInsurance TravelTravel HotelsHotels EntertainmentEntertainment

Basically any business Basically any business which offers a which offers a SERVICESERVICE

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Student ActivityStudent Activity

Summary question Summary question 2 and 3 page 72 and 3 page 7

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The CHAIN of PRODUCTIONThe CHAIN of PRODUCTIONThis is the way a product moves through each This is the way a product moves through each

of the business sectors. of the business sectors.

For example, this would be the journey that oil For example, this would be the journey that oil takes.takes.

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Student activityStudent activity

Choose 5 of the following items and work Choose 5 of the following items and work

out the chain of productionout the chain of production. . Try to list the Try to list the types of business involved in each of the types of business involved in each of the

sectors.sectors.

A bookA book ElectricityElectricity A carA car A wooden doorA wooden door An apple pieAn apple pie A shipA ship

A cardboard boxA cardboard box A leather footballA leather football A hockey stickA hockey stick A brickA brick A loaf of breadA loaf of bread A joint of beefA joint of beef

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INTERDEPENDENCEINTERDEPENDENCE

This is when one type of business is dependent on This is when one type of business is dependent on businesses from other sectors. For example:businesses from other sectors. For example:

A travel agent offers a holiday booking service. They don’t make or grow anything.

However, it’s dependant on businesses in the secondary sector to make things like PC’s, paper, planes, pens, desks, hotels, etc.

They also need power for electricity etc. The raw materials for this are obtained in the primary sector.

However, they are also dependent on other tertiary sector businesses such as solicitors, banks, window cleaners, electricians, etc.

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Student activityStudent activity

For each of these businesses, list other types of For each of these businesses, list other types of business that they depend on (think PRIMARY, business that they depend on (think PRIMARY, SECONDARY & TERTIARY).SECONDARY & TERTIARY).

Capital OneCapital One HSBCHSBC ShellShell

ToyotaToyota AsdaAsda