1. Which statement best describes the primary sector of business activity?
2. How are business sectors related to one another in the production process?
3. Which environment is inside the business and gives the business full control in given scenarios?
Business sector — definition?
A subdivision of economic activities by product or service type.
Primary sector — role?
Extracts raw materials and natural resources.
Secondary sector — function?
Converts raw materials into finished products.
Tertiary sector — provides?
Services to the public and businesses.
Business environment — components?
Internal and external factors affecting operations.
Micro environment — control?
Inside the business; full control.
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