1.1 different types of business activity
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8 Terms
What is the 3 types of business activities
Primary, secondary, tertiary
What is the key purpose of primary activity
It is the extraction and harvesting of raw materials
An example of a primary activity
Mining, agriculture, fishing and oil
What is the key purpose of secondary activity
It is to manufacture products
What is a retail customer?
Customers who buy finished products
What is business customers?
Businesses that purchase products or services from another business
What is the purpose of tertiary activity
The provision of servives
What kind of services can tertiary activities be?
These can be services to the public, such as schools, banks and supermarkets or services to businesses such as transport
Note 
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