Higher Business Management

What are the 4 sectors of industry?

• Private, Public, Third, Voluntary

• Primary, Secondary, Tertiary, Quaternary

• Private, Public, Government, National

• Multinational, Domestic, Private, Secondary

There are 3 sectors of the economy

• True

• False

What happens in the Primary sector?

• Extraction of raw materials

• Manufacturing of products

• Provision of service

• Provision of information

The secondary sector involves

• Extraction of raw materials

• Manufacturing of products

• Provision of service

• Provision of information

The tertiary sector involves

• Extraction of raw materials

• Manufacturing of products

• Provision of service

• Provision of information

The quaternary sector involves

• Extraction of raw materials

• Manufacturing of products

• Provision of service

• Provision of information

To be a multinational corporation, a company must...

• Sell goods/services in more than one country

• Export to foreign locations

• Import from abroad

• Manufacture in more than one country

In a franchise agreement, the person buying in is the...

• Franchisee

• Franchisor

A PLC is owned by

• Shareholders

• Managers

• Board of Directors

• Family and Friends

A PLC is controlled by

• Shareholders

• Board of Directors

• Managers

• Family and Friends