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What are the examples of Primary business? In what way the types of business are classified?

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تم إضافة السؤال من قبل Sathish Prabhu.V , Manager - Operations & Process Improvement , Revolution Valves
تاريخ النشر: 2016/04/25
Sathish Prabhu.V
من قبل Sathish Prabhu.V , Manager - Operations & Process Improvement , Revolution Valves

Primary sector businesses are businesses that extract, or harvest natural resources. These can be such businesses as lumberjacks, mines and farms for example. A businsess in the primary sector would be for example: McDonalds Farms, you could perhaps even argue that's BP is a primary business, although some would argue against you.

Primary industries are those that harvest or extract raw materials from nature; they include agriculture, oil and gas extraction, logging and forestry, mining, fishing and trapping.

 

Other three types of business are,

Secondary industries are the manufacturing and assembly industries, which use raw materials to manufacture finished products. Such industries include food processing and steel manufacture.

Tertiary industries are the service industries. Professionals who work in this sector include teachers, lawyers, and travel and real estate agents. The tourist, financial and computer industries are all part of this sector.

Quaternary industries are the newest; they involve the use of high technology to conduct research and development activities. An example of a quaternary industry is that of research into genetically modified crops.

Ahmed Mohamed Ayesh Sarkhi
من قبل Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

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