The Main Sectors of Industry
- Businesses can be classified according to the industrial sector in which they operate
- This aids comparisons between firms in the same sector
- However, it does not capture the full complexity of the business world
- Some businesses operate across more than one sector of industry
- E.g. Large oil companies such as Shell extract (primary), refine (secondary) and sell (tertiary) fuel through a large network of gas stations
- E.g. Large oil companies such as Shell extract (primary), refine (secondary) and sell (tertiary) fuel through a large network of gas stations
- Some businesses operate across more than one sector of industry
Diagram: The main Sectors of Industry
Businesses operate in the primary, secondary or tertiary sector