#Business Classification

what is business classification in your own understanding ?

Which of the following activities is characteristic of the primary sector?

• Car manufacturing

• Banking services

• Wood-cutting

• Cloth production

An industry that refines raw materials into finished products, such as steel for construction, belongs to which economic sector?

• Primary sector

• Tertiary sector

• Quaternary sector

• Secondary sector

Which of these is an example of a service provided by the tertiary sector?

• Mining for coal

• Roasting coffee beans

• Operating a travel agency

• Farming vegetables

What is a key reason for the increasing importance and demand for services in the tertiary sector in more developed countries?

• A shift towards agricultural dominance.

• Decreasing levels of education.

• Growing incomes and higher levels of education.

• A decline in industrialization.