Business - Sectors

Business sector

the different categories of business enterprises based on the type of business/production activity conducted.

Services

an action/performance of intangible activities offered by one party to another.

Micro environment

the business itself, characterised by all the processes/ functions/factors within the business.

Market environment

components/elements/factors immediately outside the business.

Macro environment

external uncontrollable factors/forces outside the business.

Primary sector

extracts/exploits/collects/harvest natural resources/raw materials from the earth.

Secondary sector

focuses on the manufacturing/processing/converting/ transforming of natural resources/raw materials into semi-finished/finished products.

Tertiary sector

provides/distributes final products and services to customers.