running costs are… three examples are… 3) Business sectors: businesses are grouped into three sectors according to what they do (activities). The primary sector involves… three examples are … the secondary sector involves … three examples are.. There tertiary sector involves… three examples are businesses depend on each other to produce goods for consumers. A product is produced with the help of all three sectors. For example… this is known as the … some businesses operate in all three sectors. An example
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TASK ONE: Koptaco has offered its transport since 1997. Koptaco Coaches have all different types of cars‚ mini-vans and privates coaches. People can book any type of transportation they need and a driver can take them where they like‚ but with a fee. People can also book for individuals‚ small groups or larger groups of people. People can book by telephone or even online. Website: http://www.koptaco.com/home.aspx TASK TWO: The Malta Tourism Authority was set up in 1999. The MTA gives their
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reaches to more than 90 countries and plans to reach as more countries as fast as possible. Oxfam helps the poor in different ways such as clothes‚ food‚ shelter and education. Oxfam is a charity it is in the voluntary sector. Oxfam is also in the tertiary sector however; instead of just selling products‚ it also provides a service to other charities. It does this buy selling clothes at a very cheap price. Oxfam’s purpose is not to make a profit. A UK based organization which was established
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Review Questions 1.1 1. What is a ‘business’? A business is a decision-making organisation involved in the process of using inputs to produce goods and/or provide services. 2. What are the purposes of business activity? Businesses exist to satisfy the needs and wants of people‚ organisations and governments. Needs – are the basic necessities that a person MUST have in order to survive. Wants – are the desires that people have. Wants are said to be infinite since people always want more
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The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors‚ the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture‚ fishing‚ and extraction such as mining). The service sector consists of the "soft" parts of the economy‚ i.e. activities where people offer their knowledge and time to improve productivity‚ performance‚ potential‚ and sustainability‚ what is termed affective
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an economictheory which divides economies into three sectors of activity: extraction of raw materials (primary)‚ manufacturing (secondary)‚ and services (tertiary). It was developed by Colin Clark and Jean Fourastié. According to the theory‚ the main focus of aneconomy’s activity shifts from the primary‚ through the secondary and finally to the tertiary sector. Fourastié saw the process as essentially positive‚ and in The Great Hope of the Twentieth Century he writes of the increase inquality of life
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Faculty of Business Studies Tutor Marked Assignment B203 A: Business functions in context I Second Semester 2012 – 2013 Supply chain from manufacturing to shelf Introduction 1 -The Kellogg’s Cornflake Company began in 1906 with the Kellogg brothers who originally ran a sanatorium in Michigan‚ USA. They experimented with different ways to cook cereals without losing the goodness. Their philosophy was ’improved diet leads to improved health’. 2-Between 1938 and the present day Kellogg’s opened
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Uniform Crime reports‚ National Incident Based Reporting System and the National Crime Reporting Survey are all major crime reporting systems here in the U.S. Each crime reporting system has its own advantage and disadvantage towards the criminals and victims as well as the law enforcement involved. Each has a unique history on how it started and when‚ how it became as popular of a system as it is now and will it keep growing or will it one day start to fade into the background while other reporting
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Areas of growth and decline in the primary‚ secondary and tertiary classifications of business activities Firstly the primary sector‚ obtain or produces raw goods. The secondary sector manufactures and constructs goods. Finally the tertiary sector provides services to businesses and/or individuals. Over time whole sectors can grow or decline. Absolute growth or decline means that on its own a sector is getting bigger or smaller. If this type of decline happened continuously‚ one day a sector
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P3 Explain how businesses are classified using local and national examples For this part of my coursework I am going to find out about three different sectors which are primary‚ secondary‚ tertiary. For each of them I will give two examples for each local and national businesses. Primary Sector The activities of businesses in this sector are all involved with producing or obtaining raw materials or natural products from land or the sea. The main categories are shown in the following
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