Exploring Business Purpose

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B-TEC business

Unit 1: Exploring Business Purpose

Oxford School

Assignment 5

Exploring Business Purpose

Assignment 5

Mr Edwards


Introduction:

In this assignment my aims are to look at three different sectors of business activity primary, secondary and tertiary. For this I will also describe the all activities of in two different organisations in the three sectors. I will also begin with a simple definition for each of these sectors and this will then introduce two companies to express the differences. Planned for this I will also use internet to get useful information.

Business activity

Business activity can be broken down into three main areas:

The main sorting of businesses is into the primary, secondary and tertiary sectors: I should choose two different organisations covering these sectors and for each one:

  1. Describe the main activities (what does it makes, what it does, what does it sells or what does it provides?).
  2. Explain which sector it is in and why.

Primary, secondary and tertiary are sectors in the businesses. A definition of each sector is given underneath:-

Primary sector:-

Primary sector is the first step which is business producing raw materials or natural resources from the earth.

Farming involves growing crops and rearing animals, providing food, wool and skins.

Mining and quarrying involves extracting raw materials - oil and coal, for example - from the earth (or under the sea).

Fishing involves catching sea life.

Secondary sectors:-

 This sector is made up of businesses that manufactures / construct goods .For example,

 Processing raw materials (from the primary sector), such as refining oil into petrol.

Manufacturing - making products from raw materials (or other manufactured products), such as cars.

Construction - for example, using raw materials, such as wood and stone, to build houses.

Textiles - making clothing products from raw materials, such as wood, or man-made materials, such as plastics.

Tertiary sector:-

This sector includes all businesses that provide a service to a business or to individuals. This is the largest sector of production.  

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Retail is selling goods produced by the secondary sector in shops.

Tourism is providing services to people who are travelling for fun.

Education is teaching people new skills in schools and colleges.

Health is providing services to ill people.

Banking is providing financial services, such as lending people money and helping them invest their money.

All these sectors are linked as a sequence of production. The chain of production diagram is shown below to create a better understanding:-

For my primary research I will explain two companies, one local and national.

I am going to choose are:-

Millets Farm ...

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