1. IB Business and Management
1.1 Business Sectors: Primary, Secondary and Tertiary

2. Learning Outcomes
Explain the nature of business activity in each sector
Analyse the impact on business activity of changes in economic structure (HL only)

3. Three Business Sectors
Primary Sector
Secondary Sector
Tertiary Sector
What can you tell me about them?

4. Video ….
Just to clarify……. Watch the video

5. Primary Sector
The primary sector of the economy extracts or harvests products from the earth.
Activities associated with the primary sector include agriculture mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying

6. Secondary Sector
The secondary sector of the economy manufactures goods for customers
Activities associated with the secondary sector include metal working, automobile production, textile production, chemical and engineering industries, energy utilities, engineering, breweries and bottlers, construction, and shipbuilding

7. Tertiary Sector
The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses.
Activities associated with this sector include retail and wholesale, transportation and distribution, entertainment restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law.

8. Which business Sector/Sectors?

15. Questions Think about these 3 industry sectors
How could we measure the size of them?
How do you think the relative size of these sectors compares from country to country?
What factors contribute to the differences?
Lets find out……..

16. Look at the data…..
Questions:
What facts can you find?
What conclusions can you draw?
Are there any figures that surprise you? Why?
What prediction would you make regarding figures for the Philippines?

17. The business sectors of the Philippines
What can explain the difference in % when the size is measured by GDP and labour force?

18. Task Pick any country (everyone pick a different one)
Using the CIA world factbook
Create a presentation 3 slides long which shows…
1. A graph of the industry sectors by %GDP
2. A graph of the industry sectors by % Employment
3. Your analysis of the reasons behind the comparative sizes of the different sectors

19. Business Sector Trends…..
Lets specifically think about the UK economy…..
Can you give reasons for why………
The primary sector has decreased significantly in the last 50 years
The secondary sector has decreased significantly in the last 50 years
The tertiary sector has increased significantly in the last 50 years?

20. Task
What primary, secondary, tertiary activities would be involved in getting this Big Mac to you?
Write a list for each sector with as many activities as you can think of
This is known as the chain of production

21. Chain of Production
The chain of production consists of the various stages involved in the production of a particular product before it reaches the consumer

24. Added Value
As raw materials are made into finished goods value is added. When the product is sold in the tertiary sector more value to the product is added.
£30
£2.50
£0.50

25. Task – Question Sheet
Answer the Business Sectors Question Sheet