Nature of business activity

...…………….. industries provide support services to primary & secondary industries.

...…………...….. is the primary objective of business

Fishing is what type of industry?

• Primary

• Secondary

• Tertiary

• commercial

An entrepreneur is someone who:

• is an employee of a business enterprise
• takes the risk of starting and managing a business venture
• works for the government to provide public services
• just provides capital to a business start-up.

A business is:

• any activity undertaken by people

• only motivated by maximising profit

• the organised effort of individuals to produce and sell, for a profit, goods and services

• none of the above

The person who risks his or her time, energy and money to start a business is called:

• an employer

• an entrepreneur

• an innovator

• a financier

An example of a secondary industry is:

• Plastics Manufacturing Ltd

• Zenon Mining

• Canberra Legal Centre

• Heritage Motel

What is the second stage of business activity?

• Primary
• Secondary
• Tertiary

Which of the following is an example of SECONDARY business activity?

• School
• Factories
• Shops
• Farmers

Which of the following is an example of TERTIARY business activity?

• Schools
• Farmers
• Fishermen
• Factories