Back to Topic 1.1 — What is a business?
1.1.3BM SL20 flashcards

Primary, secondary, tertiary, and quaternary sectors

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Card 1 of 201.1.3
Question

State the four sectors of business activity.

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All 20 Flashcards — Primary, secondary, tertiary, and quaternary sectors

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Card 1example

Question

State the four sectors of business activity.

Answer

Primary, Secondary, Tertiary, Quaternary.

💡 Hint

Extraction -> manufacturing -> services -> knowledge.

Card 2example

Question

Classify a fishing business by sector.

Answer

Fishing is in the primary sector because it extracts a raw resource from nature.

💡 Hint

Extraction.

Card 3example

Question

Classify a retail shop by sector.

Answer

Retail is in the tertiary sector because it provides a service (selling and distributing products).

💡 Hint

Service activity.

Card 4example

Question

State the key activity of the primary sector.

Answer

Extracting raw materials (e.g., farming, mining).

💡 Hint

Extraction.

Card 5example

Question

What is the primary sector?

Answer

The primary sector extracts raw materials from the earth, such as farming, fishing, mining, and forestry.

💡 Hint

Extraction from nature.

Card 6example

Question

State the key activity of the secondary sector.

Answer

Manufacturing/constructing products from raw materials.

💡 Hint

Manufacturing.

Card 7example

Question

Classify a car manufacturing business by sector.

Answer

Car manufacturing is in the secondary sector because it makes products using raw materials and components.

💡 Hint

Manufacturing.

Card 8example

Question

Classify an IT consultancy by sector.

Answer

IT consultancy is in the quaternary sector because it provides knowledge-based and information services.

💡 Hint

Knowledge work.

Card 9example

Question

State the key activity of the tertiary sector.

Answer

Providing services (e.g., retail, transport, healthcare).

💡 Hint

Services.

Card 10example

Question

Give two examples of primary sector activities.

Answer

Examples include farming and mining.

💡 Hint

Raw materials.

Card 11example

Question

Give two examples of tertiary sector businesses.

Answer

Examples include a bank and a hotel.

💡 Hint

Services for customers.

Card 12example

Question

What is the secondary sector?

Answer

The secondary sector manufactures or constructs products using raw materials, such as factories and construction firms.

💡 Hint

Manufacturing/construction.

Card 13example

Question

What is the tertiary sector?

Answer

The tertiary sector provides services to consumers and other businesses, such as retail, banking, transport, and healthcare.

💡 Hint

Services.

Card 14example

Question

Give two examples of secondary sector activities.

Answer

Examples include construction and food processing.

💡 Hint

Making/constructing.

Card 15example

Question

State the key activity of the quaternary sector.

Answer

Providing knowledge/information services (e.g., IT, R&D, consultancy).

💡 Hint

Knowledge.

Card 16example

Question

Give two examples of quaternary sector businesses.

Answer

Examples include a research lab and a software development firm.

💡 Hint

Knowledge and information.

Card 17example

Question

Exam tip: What should you add after classifying a business into a sector?

Answer

A brief reason linked to the sector definition (e.g., “provides services”, “extracts raw materials”).

💡 Hint

Always justify.

Card 18example

Question

How does economic development usually change a country’s sector balance?

Answer

As countries develop, tertiary and quaternary sectors tend to grow while primary becomes a smaller share of employment/output.

💡 Hint

Developed = more services/knowledge.

Card 19example

Question

Why is the secondary sector sometimes called the manufacturing sector?

Answer

Because it converts raw materials into finished or semi-finished products using production processes.

💡 Hint

Raw -> finished products.

Card 20example

Question

What is the quaternary sector?

Answer

The quaternary sector focuses on knowledge and information, such as IT, research, consultancy, and education.

💡 Hint

Knowledge-based.

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