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| Pregunta | Respuesta |
| What are the 3 business sectors? | Primary, Secondary and Tertiary |
| What is the primary sector? | The primary sector is the first stage of production. Businesses within the primary sector include: Fishing, Mining and Farming |
| What is the secondary sector? | The second stage of production, businesses will use raw materials from the primary sector and manufacture products with them. |
| What is the tertiary sector? | The tertiary sector is providing a service to its customers, and can include businesses such as: Retailing, Banking, Insurance |
| How do the three sectors rely on each other? | The three sectors all rely on each other and is called 'The chain of production'. For example, diamonds are mined (primary), a jewellery business will then create a ring from it (secondary) and a jeweller will sell it (tertiary). |
| What is specialisation? | When a business is in one sector only, it will usually specialise in that area, for example, a toy maker is specialised in making toys. The toy maker will then leave a tertiary sector business to sell the product. |
| What is added value? | Added value is the value added through changes to the raw material, when the raw material is changed into a product the secondary business is 'adding value'. |
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