GK
BUSINESS ECONOMICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
An oil exploration company
|
|
|
A family run farm business
|
|
|
A taxi operating business
|
|
|
A shoe manufacturer
|
Detailed explanation-1: -A secondary business is a part of a corporation that is not part of its core functions but supplements it instead. A secondary business can contribute to the overall health of the corporation and can hold assets just as any other business unit.
Detailed explanation-2: -The business sector is divided into four types: primary, secondary, tertiary, and quaternary. Each consists of many businesses, ranging from small businesses to large businesses. And, in each sector, we can see the many industries in which the business operates. How is the sector different from the industry?
Detailed explanation-3: -The primary sector is composed of industries engaged in the business of gathering raw materials. It includes mining companies, lumber companies, and oil drilling companies – along with the agricultural and fishing industries.