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

Primary, secondary, tertiary, and quaternary sectors

Practice Flashcards

Flip to reveal answers
Card 1 of 201.1.3
1.1.3
Question

State the four sectors of business activity.

Click to reveal answer

Track your progress — Sign up free to save your progress and get smart review reminders based on spaced repetition.

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

Sign up free to track progress and get spaced-repetition review schedules.

Card 1example

Question

State the four sectors of business activity.

Answer

Primary, Secondary, Tertiary, Quaternary.

đź’ˇ 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.

đź’ˇ 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).

đź’ˇ Hint

Service activity.

Card 4example

Question

State the key activity of the primary sector.

Answer

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

đź’ˇ 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.

đź’ˇ Hint

Extraction from nature.

Card 6example

Question

State the key activity of the secondary sector.

Answer

Manufacturing/constructing products from raw materials.

đź’ˇ 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.

đź’ˇ 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.

đź’ˇ Hint

Knowledge work.

Card 9example

Question

State the key activity of the tertiary sector.

Answer

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

đź’ˇ Hint

Services.

Card 10example

Question

Give two examples of primary sector activities.

Answer

Examples include farming and mining.

đź’ˇ Hint

Raw materials.

Card 11example

Question

Give two examples of tertiary sector businesses.

Answer

Examples include a bank and a hotel.

đź’ˇ 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.

đź’ˇ 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.

đź’ˇ Hint

Services.

Card 14example

Question

Give two examples of secondary sector activities.

Answer

Examples include construction and food processing.

đź’ˇ 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).

đź’ˇ Hint

Knowledge.

Card 16example

Question

Give two examples of quaternary sector businesses.

Answer

Examples include a research lab and a software development firm.

đź’ˇ 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”).

đź’ˇ 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.

đź’ˇ 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.

đź’ˇ 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.

đź’ˇ Hint

Knowledge-based.

Track your progress with spaced repetition

Sign up free — Aimnova tells you exactly which cards to review and when, so you remember everything before your IB exam.

Start Free
IB BM Primary, secondary, tertiary, and quaternary sectors Flashcards | 1.1.3 | Aimnova | Aimnova