Sectors of Industry THE TIMES 100. Primary Sector The primary sector is the first stage of production and is concerned with the extraction of raw materials.

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Presentation transcript:

Sectors of Industry THE TIMES 100

Primary Sector The primary sector is the first stage of production and is concerned with the extraction of raw materials. Businesses in the primary sector include... Fishing Farming Mining and quarrying Forestry

THE TIMES 100 Secondary Sector The secondary sector involves manufacturing and processing the raw materials. Examples include... Cabinet makers Car manufacturers Building and construction

THE TIMES 100 Tertiary Sector The tertiary sector is concerned with providing services for others. The tertiary sector includes... Insurance Entertainment Tourism Education Armed forces

THE TIMES 100 Chain of production Products move through the three sectors of industry before being sold to the consumer – this is called the chain of production. For example: A forester cuts down a tree (primary) The wood is made into a table (secondary) The table is sold in a department store (tertiary)

THE TIMES 100 Adding value At each stage in the chain of production, value is added to the product. Value-added is the difference between the price the consumer is willing to pay and the cost of making a product.

THE TIMES 100 Ways to add value Production Convenience and speed Branding Quality Design USP

THE TIMES 100 Changing nature of the UK sectors of industry In the UK, the importance of the primary sector has fallen and it employs fewer workers. The secondary sector has also declined in importance and many manufacturing firms have closed. The tertiary sector has enjoyed a large increase in importance with many jobs created in service industries.

THE TIMES 100 Changing nature of the UK sectors of industry Why do you think these changes have taken place?

THE TIMES 100 Sectors of industry in context

THE TIMES 100 Activities in the oil and gas chain of production Which sector of industry do each of these activities fall into? Turning crude oil into usable products Exploring for oil and gas Transporting oil and gas by pipeline Analysing the UK gas market Negotiating legal agreements Extracting oil and gas

THE TIMES 100 Interdependence in the Oil and Gas Industry In relation to the oil and gas industry, explain how the primary, secondary and tertiary sectors are interdependent.

THE TIMES 100 The chain of production Draw the chain of production for a litre of petrol. Use the case study for OPITO – The Oil and Gas Academy to help identify as many different activities as possible within each sector of industry.

THE TIMES 100 Adding value Using some or all of the following bullet points, explain how value is added to crude oil: Production Convenience/speed Branding Quality Design USP Use the OPITO case study and your own knowledge to help you

THE TIMES 100 Useful resources Sectors of industry lesson suggestions & activities (The Times 100) OPTIO – The Oil and Gas Academy case study (The Times 100) OPITO – The Oil and Gas Academy website