Business Sectors
- Primary sector – extracting resources from the land e.g. agriculture, fishing
- Secondary sector – processing resources e.g. manufacturing
- Tertiary sector – the provision of services e.g. universities, retail sector
Firms
Firms can be classified by their size:
- Total revenue
- Market share
- Number of employees
- Value of assets it owns
Secondary Sector
If you are looking to enter the secondary sector you will need: To have good supplies of raw materials A suitable site and facilities to manufacture the goods Relatively cheap labour
Tertiary Sector
If you are entering the tertiary sector you will need:
- Good suppliers of manufactured products
- To provide an exceptional level
