Classification of the business

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All the business are classified into industrial sectors based on what they do The Primary sector obtains raw material. In Primary sector raw material is extracted from land. For example: Agriculture, fishing, mining, etc. UK COAL is biggest mining company in UK. It is private limited company and employs 2,900 people. Supplying around 5% of the country's energy needs for electricity generation. UK COAL's fuel is used in the manufacture of smokeless fuels such as Sunbrite. It is a large business and supply coal nationally.

Transcript of Classification of the business

All the business are classified into industrial sectors based on what they do

The Primary sector obtains raw material. In Primary sector raw material is extracted from land. For example: Agriculture, fishing, mining, etc.

UK COAL is biggest mining company in UK. It is private limited company and employs 2,900 people. Supplying around 5% of the country's energy needs for electricity generation. UK COAL's fuel is used in the manufacture of smokeless fuels such as Sunbrite. It is a large business and supply coal nationally.

It is a Co-operative business owned by over 20 farming families from across Wales. Their aim is to secure a long-term market for organic milk from Wales by supporting organic processing needs in Wales. They sell organic milk to different companies. Its medium business and provides milk locally..

In secondary sector the raw material is converted into finished goods. For example: Manufactures, constructers, etc.

Dawes cycles produces all kinds of bikes and supplies across whole UK. It is large business and works nationally.

Roger Lascelles is privately owned business. It is UK‘s largest clock manufacturer. It is large business and supplies its clock to whole UK.

The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses. Activities associated with this sector include retail, transportation and distribution, health entertainment, etc.

The Bank of England is the central bank of the United Kingdom under the control of government. It is also the centre of the UK's financial system; the Bank is committed to promoting and maintaining monetary and financial stability as its contribution to a healthy economy. It is large business trades nationally.

Ram News is privately owned business. Its sell grocery items and sells news papers. It is a micro business and works locally.