role of business

Question 1

why do business exist

Answer 1

1. business exist to satisfy our needs and wants by providing us with goods and services.
2. a need is something we must have to survive.
3. a want is something that makes our lives more enjoyable.
4. a good is a physical product we can see and touch.
5. a service is something that is done for us.

Question 2

sectors of industry

Answer 2

1. primary
2. secondary
3. tertiary
4. quaternary

Question 3

primary

Question 5

secondary

Question 6

tertiary

Question 7

quaternary