1. Sectors of Industries:
How are the Sectors of Industries interlinked to make a business work?

2. Sectors of Industry !
There are 3 sectors of industry…

3. Primary Sector
The Primary Sector is that part of the economy where businesses grow, collect, mine, or cut down raw materials.
Raw materials are needed to make other goods and services – wheat, pork, fish, timber, coal, oil and gas . . .

4. Secondary Sector (aka “the Manufacturing Sector”)
The Secondary Sector is that part of the economy where businesses take the raw materials produced in the Primary Sector and transform them into goods. For example: making plastic from oil, making chairs from plastic.
Goods are physical products that can be seen + touched.

5. Tertiary Sector (aka “the Service Sector”)
The Tertiary Sector is that part of the economy where businesses produce services.
Services are non-physical products that cannot be touched or stored like a haircut or a train journey
EXAMPLES: Transport,
advertising, retail, teaching,
Healthcare, hotels etc.

6. Now think about which sector your business falls into…
Is it Primary, Secondary or Tertiary?
Explain why your business falls into that particular sector:

7. Primary, Secondary and Tertiary industries are linked together in a
Chain of Production
Chain of Production is the various production stages through which a product passes before being sold to a consumer.

9. You will be offering various products and services to your customers…
THINK !
You will be offering various products and services to your customers…
Answer the following questions:
Q1. How is business dependent on the Primary Sector?
Q2. How is your business dependent on the Secondary Sector?
Q3. Draw and explain the CHAIN OF PRODUCTION for one of the products or services you will be selling to your customer.
Note: Answering the above the questions will show the examiner that you are able to apply your knowledge and understanding to your business and you are also able to analyse…