Transcript Introduction to Objectives & Strategy

IB Business and
Management
1.1 Business Sectors: Primary, Secondary
and Tertiary
Learning Outcomes
• Explain the nature of business activity in each
sector
• Analyse the impact on business activity of changes
in economic structure (HL only)
Three Business Sectors
• Primary Sector
• Secondary Sector
• Tertiary Sector
• What can you tell me about them?
Video ….
• Just to clarify……. Watch the video
Primary Sector
• The primary sector of the economy extracts
or harvests products from the earth.
• Activities associated with the primary
sector include agriculture mining, forestry,
farming, grazing, hunting and gathering,
fishing, and quarrying
Secondary Sector
• The secondary sector of the economy
manufactures goods for customers
• Activities associated with the secondary
sector include metal working, automobile
production, textile production, chemical and
engineering industries, energy utilities,
engineering, breweries and bottlers,
construction, and shipbuilding
Tertiary Sector
• The tertiary sector of the economy is the service
industry. This sector provides services to the
general population and to businesses.
• Activities associated with this sector include retail
and wholesale, transportation and distribution,
entertainment restaurants, clerical services, media,
tourism, insurance, banking, healthcare, and law.
Which business
Sector/Sectors?
Questions
Think about these 3 industry sectors
• How could we measure the size of them?
• How do you think the relative size of these sectors
compares from country to country?
• What factors contribute to the differences?
Lets find out……..
Look at the data…..
• http://en.wikipedia.org/wiki/List_of_countries_by_G
DP_sector_composition
•
•
•
•
•
Questions:
What facts can you find?
What conclusions can you draw?
Are there any figures that surprise you? Why?
What prediction would you make regarding figures
for the Philippines?
The business sectors of the
Philippines
• https://www.cia.gov/library/publications/the-worldfactbook/geos/rp.html
• What can explain the difference in % when the size
is measured by GDP and labour force?
Task
•
•
•
•
•
•
Pick any country (everyone pick a different one)
Using the CIA world factbook
Create a presentation 3 slides long which shows…
1. A graph of the industry sectors by %GDP
2. A graph of the industry sectors by % Employment
3. Your analysis of the reasons behind the
comparative sizes of the different sectors
Business Sector Trends…..
• Lets specifically think about the UK economy…..
• Can you give reasons for why………
• The primary sector has decreased significantly in
the last 50 years
• The secondary sector has decreased significantly in
the last 50 years
• The tertiary sector has increased significantly in the
last 50 years?
Task
• What primary, secondary,
tertiary activities would be
involved in getting this Big
Mac to you?
• Write a list for each sector
with as many activities as you
can think of
• This is known as the chain of
production
Chain of Production
• The chain of production consists of the various
stages involved in the production of a particular
product before it reaches the consumer
Added Value
• As raw materials are made into finished goods value
is added. When the product is sold in the tertiary
sector more value to the product is added.
Task – Question Sheet
• Answer the Business Sectors Question Sheet