http://www.bized.ac.

uk

Business Activity
by anna and hnin pwint

Copyright 2006 – Biz/ed

 http://www.bized.ac.uk

Business Activity
• Primary Sector –
– extraction of raw materials from the earth – mining,
quarrying, fishing, agriculture, forestry
• Secondary Sector –
– Processing of raw materials into finished or semi-
finished products – manufacturing
• Tertiary Sector –
– Service industries – leisure, transport, finance,
distribution, retailing, wholesaling, communications
• Quarternary Sector –
– Hi tech industries, training, health, education

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New Thinking:
• Tertiary Sector –
– transport, energy, water (utilities)
• Quarternary Sector –
– finance, trading
• Quinary Sector –
– health, education, research, leisure
and recreation
(After Daniel Bell: 1976 ‘The Coming of Post Industrial Society’)

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Business Activity
• Multiple Business Activity
– e.g. BP involved in:
• Oil exploration and drilling (Primary)
• Refining oil – production of gas,
petroleum, bitumen, lubricants, etc.
(Manufacturing)
• Distribution of petrol from refineries to
petrol stations and sales of petrol to
consumer (Tertiary)
• Research and Development
(Quarternary)

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Business Activity
• Private Sector: Business activity owned
financed and controlled by private
individuals
– Sole Traders
– Partnerships
– Private Limited Companies
– Public Limited Companies (PLCs)
– Co-operatives
– Franchises
– Charities

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Objectives of Private Sector

Business
Satisficing Profit
Environment Survival

Image and Share Price

Reputation
Objectives
Social Issues
Quality and
Innovation

Market Power
Efficiency
Sales and Sales
Revenue

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Business Activity
• Public Sector: Business Activity owned,
financed and controlled by the state
through government or local authorities
– Government – key departments set policy
and monitor implementation
– Local Authorities – County Councils,
District Councils, Parish Councils
– Health Trusts
– Public Corporations – BBC

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Objectives of Public Sector

Activity
• Access –
– available to all regardless of location or income
• Quality –
– high quality services that do not cut corners
• Affordability –
– services offered at prices that are cheaper than
private sector or free at the point of use
• Equity –
– available to anyone whatever their background,
status, income, class, race, religion, etc.

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Range of Business Offered by the Public

Sector Paths and Parks
Road Allotments
Museums
s
and Arts

Environmental Cemeteries Street

Planning
Health Lighting

Care of the Social

Elderly Services
Licensing

Economic Trading
Development and Standards
Waste Schools Tourism
Disposal

Copyright 2006 – Biz/ed