Primary sector- The primary sector is a very important part of the process of producing products for a business/organisation this sector has many aspects to include some of which are: Growing Felling trees Producing raw goods Farming Mining Quarrying Forestry Obtaining raw materials Obtaining natural products from land or sea And many others.
In the primary sector the employees in this department will have to ensure that they do one of these processes listed above as its part of the primary process. An example of a business/organisation in the primary sector (produces its own products) would be westward fishing company because, they are given the resources and raw materials and then they will set out to go and catch the fish themselves this company is also a national company as it operates across the country. Westward fishing company provides a product which is the fish that’s caught by fisherman and then sent to a shop to sell producing a service.
Secondary sector – The secondary sector, this sector is made up of loads of different businesses that will manufacture or construct goods an example of this would be Apsley paper mill in which they process wood at their mill and makes it into paper, this business to me would be local because its located in Hertfordshire and this is where I live. Apsley paper mill is providing a product which is the paper being produced there. In the secondary sector you are expected to do a list of expectations depending on what the job or order may be some of which include: Manufacturing Engineering Energy production Construction
Dyson hoovers are a very good example of this as they get given raw materials in order to produce the hoovers. Dysons is an international company because of the many companies that are around the world.
Tertiary sector- This sector is also very crucial in a business as it will provide the services such as: Private Public Voluntary Not for profit
Four out of five people will be working in the tertiary sector today providing all kinds of services, as it is a fairly easy job to get and the economy is bad at the moment. An example of a tertiary sector is the emergency services because they provide a service for people. The emergency services are a global company as they operate in different countries around the world. A different tertiary sector would be a corner shop because it does not make its own products it sells and provides services to people and this can be local to anyone in different areas with different corner shops. Also people that tend to work in tertiary sectors is growing more and more as it’s much easier to get into than a primary or secondary sector.
Private sector- In the private sector the owners all own a share of the business or can buy a share of it and these are then known as the shareholders of the company. They are also the directors in the business this means that they will therefore help run the company. An example of a private sector would be swans travel which is also national as it will only operate all over the UK, the businesses purpose is to provide travel service to its customers and make a profit by this by covering all costs such as petrol or insurance. Another example will be virgin media with s international and will provide a service to customers which will be internet and tv channels. In this sector the owners take risks here and they will sacrifice their own money as they are so determined to make their business successful, however they may get too use to taking risks and become greedy this will be a downfall for the business because they could lose out and may have lent too much money in order to increase their profits resulting in failure as they’ve lent too much. Also private sector businesses are owned by private citizens.
Public- A public sector operates for the benefits of members of the public, rather than just gaining
the capabilities to invent such a product take a legal standpoint and keep in mind of ways to put this product on the market. Sole Proprietorship, Partnership and Corporation are the three ways a business is organized. In this report the one will get an overview of which business organization would be the right fit to ensure business success. All Four One, One Does None A product to put an end to all products, a product that any inventor would love to put on the shelves of as many stores as…
incorporate their business in the state where they conduct their business. If you live and work in New Hampshire, for example, you would incorporate your business in New Hampshire. If your business conducts business throughout the United States, you need to incorporate in the state where your headquarters will be. If you have a substantial business presence in another state, you may need to let that state know and file state tax returns or sales tax returns based on your business earnings in that…
The company must study its customer markets closely since each market has its own special characteristics. These markets normally include: Consumer markets (Individuals and households that buy goods and services for personal consumption) Business markets (Buy goods and services for further processing or for…
Alien Corporation - established in another country, but does business in the USA Articles of Incorporation—(also known as the Certificate of Incorporation) the legal documentation required by the incorporating state that identifies the business name, purpose, location, incorporators, stock provisions, and so on. Once the incorporation is approved by the state, the articles and the state's approval become the Corporate Charter. Balanced scorecards – a set of measurements unique to a company that…
Legal Forms of Business pape Legal Forms of Business paper When starting a business, there are several types of business forms that you can choose from such as sole proprietorship, partnership, limited liability partnership, and limited liability company just to name a few. In this paper I will give scenarios for each of these business forms and why they are preferred for those businesses. Sole Proprietorship Sole Proprietorship is someone who owns and runs his or her own company…
Unique talents. And each individual delivers true value to our company, giving us the understanding we need to serve an equally diverse customer base effectively and respectfully. Diversity at Walgreens is more than simply good business – it’s the only way to do business. * Corporate Organization Walgreen's corporate structure is made up of 10 separate divisions with multiple career opportunities in each division. Marketing handles all product and brand marketing for the company. E-Commerce…
the firm Urbanation, the government is aiming to do more intervention in order get this information which is important for the understanding and forecast of the future in this field, that can be dangerous if unknown (Pigg). Business Topic: a) Concepts, definitions or business terms. Assignments are units bought in the preconstruction phase by investors who intend to flip them to new buyers at a significant markup before having to come up with final closing costs, including land transfer taxes (Pigg)…
Technical Data Corporation Business Plan 1. Technical Data Corporation is in the computer hardware and software business. TDC is in the business of providing liable data in regards to the fixed income market. TDC is going to provide a web based service that will relay historical price data, price analysis, and market commentary on the day to day price variances. Currently the purchases of this information are not willing to pay high amounts to access this information. Additionally, the purchases…
1. Our business is a Franchise from “Big Insurance Corporation”. a. We offer insurance for all of your needs. b. Our insurance company has a total of 12 employees. We expect to growth 20% in the next 2 years (from 12 employees to 15 employees). c. We are offering: auto, motorcycle, homeowners, and life insurance. We receive auto and property claims from customers by phone or online. d. Locations: Lakewood = 10 employees, Arvada = 1 employee, Highlands Ranch = 1 employee…
of 1983, Costco Wholesale Corporation began operations in Seattle, Washington. The company was founded by James Sinegal, current President and CEO of Costco, and Jeffrey Brotman, Chairman of the Board of Directors. In October of 1993 Costco merged with a Delaware company called The Price Company to form Price/Costco, Inc. The Price Company was the first to establish the concept of a membership warehouse. In 1999, the company changed its name to Costco Wholesale Corporation and moved themselves back…