Business Studies - Business sectors

Introduction

Good day Grade 10's and welcome to our lesson on WebQuest.

In today's lesson we will be discussing the various business sectors in the economy as well as the classification of various industries.

 

Task

Primary sector:

Activities include harvesting, collecting or extraction of raw materials from the natural environment – from the ground, the sea, fresh water or plant sources.

Can be classified into agricultural products, fisheries, forestry and mining.

Secondary sector:

Processes raw materials from the primary sector and supplies it to the tertiary sector.

Input is used to manufacture products by means of a production process. The result is called the output.

Manufacturing can include manufacturing of semi-finished products that are sold to manufacturers or the consumer.

Semi-finished products can be used in further production of goods or finished products, such as metal sheets used to make tin cans.

Tertiary sector:

• Activities include bringing the products from the secondary sector to the end consumers, transport of people, communications, and many other services such as education, health, banking and administration.

 

Classification of various industries

Primary sector:

•Agriculture

•Fishery

•Mining

•Forestry

 

Secondary sector

•Manufacturing concerns use the natural resources produced in the primary sector to manufacture products in the secondary sector.

•Examples of manufacturers include:

- Using agricultural resources - canned meat and vegetables. Well-known manufacturers include Tiger Brands.

- Using fishery resources - Frozen and fresh ocean and fresh water products such as packed fish in boxes, canned fish. Examples are I&J.

- Using forestry resources - Trees are debarked and used to manufacture furniture and paper. Paper manufacturers such as Mondi and Sappi are the largest producers.

- Using mining resources - Metal processed by manufacturers such as ISCOR.

 

Tertiary sector

Businesses which provide all services that make it possible to deliver products from the secondary sector producers to the end consumers.

Includes wholesalers, retailers, suppliers of electricity, professional services (such as doctors) and restaurants.

 

 

Process

ACTIVITY- Read the notes above and answer the activity

Question 1: Match columns Choose from the terms in column B to match the description in column A. Write only the letter next to the question number. One letter may be used more than once.

Column A Column B

1.1 Fishing charters contracted by I&J form a part of the ... sector of the economy.

A. Primary

1.2 Manufacturers form part of the ... sector of the economy.

B. Secondary

1.3 A spaza shop is an example of a business from this sector of industry.

C. Tertiary

1.4 Harmony Gold is an example of a business in the ... sector of the economy.

 

1.5 Ruby and Ruddy Attorneys are part of this sector of industry.

 

1.6 A forestry farmer in Piet Retief, Mpumalanga, forms part of the ... sector of the economy.

 

1.7 Supermarkets form part of this sector of the economy.

 

1.8 Margate Stationers is an example of a business in the ... sector of the economy.

 

1.9 A sugar mill is an example of a business in the ... sector of the economy.

 

Question 2: Explain the difference between the primary, secondary and tertiary sectors of economy.

Question 3: Which business would need the largest amount of capital to start up; a business in the primary, secondary or tertiary sector? Motivate your answer.

Question 4: List FOUR classifications of industries that form a part of the primary sector of economy.

Evaluation

Please check your answers and do the necessary corrections.

Memorandum

Question 1: Match columns

1.1 A

1.2 B

1.3 C

1.4 A

1.5 C

1.6 A

1.7 C

1.8 C

1.9 B

Question 2: Primary, secondary and tertiary sectors

Primary sector: Activities include harvesting, collecting or extraction of raw materials from the natural environment – from the ground, the sea, fresh water or plant sources.

Secondary sector: Processes raw materials from primary sector and supplies to tertiary sector.

Tertiary sector: Activities include bringing the products from the secondary sector to the end consumers, transport of people, communications, and many other services such as education, health, banking and administration.

Question 3: Largest capital investment

Business in the secondary sector. Large machinery is needed in the manufacturing process.

Factory sites are a large investment as premises are large.

Some manufacturers employ many workers, resulting in high costs for salaries and wages.

Question 4: Industries

agriculture, forestry, mining, fisheries

Conclusion

RECAP on the lesson:

Learners are now able to differentiate between the various sectors

Learners are able to classify the various industries.

 

 

Credits

Via Afrika Business Studies- Grade 10 Study Guide

Teacher Page

Learners can find do further research to help with the topic if necessary.

Learners are more than welcome to email me if they need any clarity on the topic - shaakira218099738@gmail.com

Ms Shaakira Kossain