Summary Business Studies Grade 12 : Business sectors and their environments

Business Studies
Business sectors and their environments
Business Sectors
 Businesses are divided according to three different sectors.
 These sectors are based on the nature of the business/type of product/service offered by
businesses.
 The three business sectors form a chain of production from the source/origin of the product
until it reaches consumers/customers.
 The chain of production is interdependent to make meaningful/functional goods/services
available to consumers/customers.
 The interaction between the three sectors makes it possible for various business operations
to take place.


Primary Sector
 The primary sector focuses on activities related to the extraction/exploitation/
cultivation/harvesting of natural resources/raw materials.
 It is often referred to as extractive/exploitative industries as it involves acquiring
natural resources/raw materials.
 The primary sector is dependent on nature/the natural environment because it
utilises/uses the earth’s natural resources, land, minerals, and vegetation.

,  The primary sector plays a critical/essential role in production activities, because
with without it, further production activities would be impossible in the secondary
sector.
the




secondary sector.




Secondary sector
 The secondary sector focuses on activities related to the production/ manufacturing
of products.
 It uses the natural resources/raw materials sourced by the primary sector and adds
value to them.
 The secondary sector is often referred to as manufacturing industries because
valuable products are created/manufactured/produced so that these products can
serve a meaningful function/purpose to customers/consumers.
 It transforms/converts/processes natural resources/raw materials into meaningful
products/semi-finished products.
 The secondary sector plays an important/critical role because not all resources in
their natural state are functional/useful and require further processing.