Flashcards on Business Sectors and Environments
Business Sectors and Environments: A Student's Guide
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Business sectors
11 cards
Card 1
Question: What are business sectors?
Answer: Subdivisions of economic activities, such as the primary, secondary and tertiary sectors.
Card 2
Question: What is the primary sector?
Answer: The sector focused on extraction, exploitation, cultivation or harvesting of natural resources/raw materials.
Card 3
Question: Why is the primary sector often called extractive or exploitative industries?
Answer: Because it involves acquiring natural resources and raw materials from the natural environment.
Card 4
Question: On what does the primary sector depend and why?
Answer: It depends on nature/the natural environment because it uses land, minerals, vegetation and other natural resources.
Card 5
Question: Why is the primary sector critical for production activities?
Answer: Because without raw materials from the primary sector, further production in the secondary sector would be impossible.
Card 6
Question: Give examples of activities or industries in the primary sector.
Answer: Mining, fishing, agriculture, forestry and farming.
Card 7
Question: What is the secondary sector?
Answer: The sector focused on production and manufacturing of products using raw materials from the primary sector.
Card 8
Question: How does the secondary sector add value to raw materials?
Answer: It transforms, converts or processes natural resources/raw materials into useful products or semi-finished products.
Card 9
Question: Why is the secondary sector often called manufacturing industries?
Answer: Because it creates or produces valuable products from raw materials that serve meaningful functions for customers/consumers.
Card 10
Question: Why is the secondary sector important?
Answer: Because many natural resources are not functional in their natural state and require processing to become useful products.