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Business(Chain of production)

What is the chain of production? The links between the primary,secondary and tertiary industries
What is primary production? It involves the extraction of raw materials from land,sea and air
Give examples of primary production Agriculture,mining,forestry,oil and gas exploration,fishing and quarring
What is secondary production? It involves using raw materials from the primary sector in the manufacture of goods and the consrtuction of building and roads
What is tertiary production? It involves the provision of services for final consumers and other bvusiness
What are the channels of distribution? The means by which goods and services are passed from the producers to the final consumers
What is a wholesaler? They provide the link between the manufacturer and the retailer
What is a retailer? They provide the link between the manufacturer and/or the wholesaler and the final consumer
What is E-commerce? This involves buying and selling on the internet
Created by: Chimozukee
Popular Business sets




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