1.1 the different types of business activity

Primary activity

Key purpose of primary activity is the extraction and harvesting of raw materials

E.g mining,agriculture, fishing, oil and gas extraction

Secondary activity

Key purpose of secondary activity is to manufacture products.

These can be finished products sold to retail customers or components sold to business customers and used in the production of other products

Retail customers

Customers who buy finished products

business customers

Businesses that purchase products or services from another business

Tertiary activity

Key purpose of the tertiary activity is the provision of services

These can be services to the public, such as hairdressers,schools, banks and supermarkets