1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GuDViN [60]
3 years ago
14

What does the term primary, secondary and tertiary mean in business?

Business
2 answers:
seropon [69]3 years ago
7 0

Tertiary means commercial services.

Primary business purpose is a phrase denoting that the main intent of traveling out of town was to transact business.

A secondary industry makes products that are more likely to be consumed by individuals.

Hope this helps, have a good day. c;

Allisa [31]3 years ago
6 0

Answer:

The primary, secondary and tertiary sectors speak to different business types and the merchandise they produce and sell. It's least demanding to consider them a chain of creation, from separating the crude materials (primary) through assembling (secondary) and at last to overhauling the end shoppers (tertiary). Every part depends on the others to work appropriately and effectively inside the economy. Under the three-segment monetary hypothesis, each activity, in each industry, falls into at least one of these part types.

Explanation:

Primary Sector Extracts Raw Materials

The primary segment of the economy can be named the "extractive" business. These incorporate the businesses that produce or concentrate crude materials. Ranchers are a case of primary division laborers, as nourishment things are gathered as crude materials, for example, wheat and milk, and are taken from the homestead and made into different items, for example, bread and cheddar. Different businesses incorporate mining, for example, coal, iron mineral or oil, which separate the crude materials starting from the earliest stage will be changed over into other valuable things. In conventional economies, the primary division as a rule speaks to the biggest part of business.

Secondary Sector Manufactures and Assembles Goods

The secondary area of the economy is contained the assembling enterprises which take crude materials and produce items. For instance, the steel used to make vehicles. Woodworkers take wood and make homes, furniture and cabinetry. Not all assembling organizations make a total item. Semi-fabricating organizations produce parts to be utilized in different items that have a few phases of creation, for example, cars. The secondary area is generally most grounded in alleged "transitional" economies that are changing from conventional to advertise economies.

Tertiary Sector Refers to Commercial Services

The tertiary sector of the economy is the administration business. Administration organizations don't give a physical decent like the primary or secondary sectors, however they despite everything offer some incentive. For instance, banks, protection and the police all are instances of the administration business. Enterprises remembered for the primary or secondary sectors will regularly have workers who offer tertiary types of assistance, for example, promoting, bookkeepers and warehousing representatives. The tertiary sector is typically most grounded in cutting edge showcase economies.

You might be interested in
Who owns the land and the capital in a centrally planned economy?
Umnica [9.8K]
The government owns the land and capital in such an economy. A.
3 0
3 years ago
Read 2 more answers
In the long-run, a firm in monopolistic competition is like: a monopolist in that it earns a positive profit. no other firm in a
SpyIntel [72]

Answer:

1. False

2. True

4. False

Explanation:

In the long run, a firm in a monopolistic competition may not make positive profit why because they have a highly elastic demand, meaning the market is sensitive to price changes. Profit may turn negative in the long run, as they spend heavily on marketing because there are many firms offering products that are similar although not identical.

True, there are few barriers to entry in monopolistic competition.This makes monopolistic competition similar to perfect competition since all firms are able to enter into the market if they feel the profits are okay.

Oligopoly is different from monopolistic competition since firms set prices collectively in a cartel or under the leadership of one firm, rather than taking prices from the market. However, In monopolistic competition, there are many producers and consumers in the marketplace who can take unexpected decisions (independent decisions), but oligopoly blocks new entrants, and increase prices.

7 0
3 years ago
Tarah is attending a sold-out counting crows concert at madison square garden, with thousands of other counting crows fans. tara
Arturiano [62]

Tarah is likely to be a part of the mass in which they are the group of people that are all together or joined together because of a reason or purpose in which Tarah is likely to be a part of the mass because she is joined with the people that is attending the concert.

4 0
3 years ago
Why were trade unions established​
Juliette [100K]

<3<3<3<3<3<3<3<3<3<3<3<33<3<3<3<3<3<3<3<3<3<3

Answer:

Labor unions were created in order to help the workers with work-related difficulties such as low pay, unsafe or unsanitary working conditions, long hours, and other situations. ... Sometimes the unions organized strikes in order to try to change the conditions of the workers. Early strikes were rarely successful.

<3<3<3<3<3<3<3<3<3<3<3<33<3<3<3<3<3<3<3<3<3<3

5 0
3 years ago
Read 2 more answers
BBB Leasing purchased a machine for $280,000 and leased it to Jack Tupp Auto Repair on January 1, 2021. Lease description: Quart
Nostrana [21]

Answer: $251758.53

Explanation:

Based on the information given in the question,

Total lease liability = $280,000

Then, the balance in the lease payable account when the first lease payment takes place on January 1, 2021 will be:

= $280,000 - $16,427

= $263573

The, the interest that is included in the lease payment that's made on April 1, 2021 Will be:

= $263573 x 7% x 1/4

= $4612.53

Then, the principal amount that's included in the lease payment made on April 1, 2021 will be:

= $16,427 - $4612.53

= $11814.47

Therefore, the balance in the lease payable account after the April 1, 2021, lease payment will be:

= $263573 - $11814.47

= $251758.53

6 0
3 years ago
Other questions:
  • What is the price at which a dealer will sell a bond?
    8·1 answer
  • A city acquired two vehicles in a particular year: (1) a sedan for $20,000 that was paid for through the General Fund and (2) a
    12·1 answer
  • On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees ear
    9·1 answer
  • Robert only consumes X and Y, and his indifference curves have the usual convex shape. Consider the consumption bundles (3, 9),
    14·1 answer
  • Question 62
    9·2 answers
  • Payments on an installment note include the accrued interest expense plus a portion of the amount borrowed. Question 5 options:
    8·1 answer
  • Production Budget
    5·1 answer
  • If a stock were overpriced, it would plot A) above the security market line. B) below the security market line. C) on the securi
    14·1 answer
  • 2. Why might it be a plus for a company to have such a high share price that trading in its stock is discouraged? What drawbacks
    14·1 answer
  • A firm that is considering changing the colors used on its packaging wants to determine the effect of different color schemes on
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!