The classification of business activities

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Omobolanle Salami                09/02/2009                

Assignment No. 02                

BTEC First Diploma in Business

Unit 1 Exploring Business Purposes

Introduction:

In this Assignment I will describe the primary, secondary and tertiary classifications of business activities using local and national examples and I will also explain areas of growth and decline in the primary, secondary and tertiary classifications of business activities.

Task 1

The primary sector, involves changing natural resources into products. Most products from this sector are raw materials for other industries. Major businesses in this sector include agriculture, agribusiness, fishing, forestry and all mining and quarrying . A local example of such a business is the festive forestry because they are specialized in Christmas tree grows. A National example of such a business is the National salt distributors because they are producing salt.

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The secondary sector generally takes the output of the primary sector and finished the raw goods so that the goods are suitable for use by other businesses, for export, or sale to other consumers. So the key issue for the secondary sector is that of ensuring they can turn raw material, into something that consumers will pay for. A national example of such a business is Dyson UK (Dyson US, Dyson Malaysia and Dyson Singapore) who manufacture vacuum cleaners and washing machines. A local example of such a business is the Daniel Prince jewelry who manufactures handmade luxury fine jewelry.

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