BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ECONOMICS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which economic activity would i such as thinking, research and developing new ideas fall under?

A	Primary
B	Secondary
C	Tertiary
D	Quaternary

Explanation:

Detailed explanation-1: -Quaternary activities are one of the subdivision of the tertiary sector of the economy. The other one is quinary activities. These activities consist of tasks that involve thinking, researching, and developing ideas.

Detailed explanation-2: -The quaternary sector typically includes intellectual services such as technological advancement and innovation. Research and development that leads to improvements to processes, such as manufacturing, would fall under this sector.

Detailed explanation-3: -Quaternary Sector: It consists of intellectual activities. Examples of the Quaternary sector include research and development, consultancy, financial planning, etc.

Detailed explanation-4: -The quaternary sector includes intellectual services like innovation and technological advancements. Quaternary sector comprises all research and development activities that result in process improvements, such as in manufacturing. This sector emerged a few years ago as an additional tertiary sector distinction.

There is 1 question to complete.