different types of business activity

Business activities

Tasks completed by a business to achieve it’s objectives.

Examples of business activities

Buying, selling and producing products or services

What is the purpose of primary activity

It is the extraction and harvesting of raw materials.

Examples of primary activity

Mining, extraction, agriculture, fishing and oil and gas extraction

What is a Secondary activity?

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.

Example of retail customers

Frozen peas from a supermarket

Business customers

Businesses that purchase products or services from another business

Tertiary activity

Provision of services. These can be services to the public, or services to businesses.

Examples of tertiary activity for the public

Hairdressers, schools, banks and supermarkets

Example of tertiary activity for businesses

Transport