Business Types

Primary -
The primary business sector consists of small and large businesses involved in gathering raw materials or collection of any natural resources.
Industry examples: Farmers, Mining, Logging, Quarrying, Oil Refinery

Secondary-
Secondary is anything to do with processing, refining or manufacturing the gathered raw materials into a prouct.
Industry examples: Manufacturers, Wholesellers.

Tertiary-
This sector is anything involving retailers or professional services, the last sector in the chain before selling directly to consumers.
Industry examples: Supermarket, Insurance, Bank, Retailer

Business Purposes

  • Meet Customers Needs
  • Make a profit
  • Expantion
  • Staying ahead of the competition
  • Survival
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