CH5: Business sectors Flashcards
(7 cards)
1
Q
What is a Forward Link?
A
When businesses sell goods and services in the same sector or another sector.
2
Q
What is a Backward Link?
A
When businesses buy goods and services in the same/another sector.
3
Q
Provide the definition of Interdependent.
A
Need each other to carry out their own responsibilities in order for businesses to operate effectively.
4
Q
Explain the meaning of the primary, secondary and tertiar sectors.
A
- Economic chain of production
- Extract-> transform-> sell
5
Q
Give an example of a Forward Link.
A
- Trees harvested-> manufactured-> sold
6
Q
Give an example of a Backward Link.
A
- Secondary provides primary(mining) with machinery or equipment.
7
Q
Give an example of Interdependence within a sector.
A
- Motorcar manufacturer (secondary) depends on a battery manufacturer (secondary) .
