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 Warburtons and the primary sector Warburtons, the largest wrapped bread brand in the UK, relies on farmers in the primary sector to provide it with wheat Can you name another primary industry it might rely on?

THE TIMES 100 Warburtons and the secondary sector Warburtons is part of the secondary sector as it makes its baked products from flour. Can you think of another secondary sector business that Warburtons relies on?

THE TIMES 100 Warburtons and the tertiary sector The distribution of Warburtons products is a service and therefore part of the tertiary sector. What other tertiary sector businesses does a Warburtons loaf require before it reaches the consumer?

THE TIMES 100 Can you draw the chain of production for Warburtons? Use the Warburtons case study to help you

THE TIMES 100 How do you think Warburtons adds value to its products? Use the Warburtons case study to help you

THE TIMES 100 Useful resources Sectors of industry lesson suggestions & activities (The Times 100) Warburtons case study (The Times 100) Warburtons website