Topic 1 - Role of Business in Society

Question 1

Primary Sector

Answer 1

Businesses that are involved in exploiting natural resources.

Question 2

Secondary Sector

Answer 2

Businesses that are involved in manufacturing and construction.

Question 3

Tertiary Sector

Answer 3

Businesses that provide services instead of products.

Question 4

Quaternary Sector

Answer 4

Businesses that provide knowledge based services.

Question 5

Private Sector

Answer 5

Businesses that aim primarily maximise profits.

Question 6

Public Sector

Answer 6

Government owned organisations that aim to provide a service to society.

Question 7

Third Sector

Answer 7

Organisations that help a cause or provide a service to its members.