Summary
Summary OCR a level business chapter 2
Revision notes covering chapter 2 in the ocr a level business textbook, introduction to business, business sectors and types IN FULL.
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Business sectors anotvies.eChain of production
stages that a product passes Public sector
through until it reaches final iiggyygyy money raised through taxatio
consumer is spent on essential services such
as healthcare education andpensi
it rig oil refinery petrolstation Atlocal government level a range
most petrol companies own oil fields
Tertiary services inc street lighting fire
refineries and garages 801 service and bin collection Must be
provided for all residents
Business can be local national
and international Structure of economy The nature of services providedb
The UK produces exports highvalue public sector organisations are
Many Plc's have Operations products especially in areas like different to those in privatese
n Other countries as well as engineering machine tools electrical eg NHS isn't expected to make
nationally in UK components nuclearreactor component profit t instead provide a servic
Known as multinationals and aircrafts Expected to provide highestqual
Of service possible
As a product passes along the If manufacturing is thriving And keep tight control on finance
chain it has value added to it G positive effect on othertwo t eliminate waste on scarce fund
sectors
BUSINESS ACTIVITY CGAD for raw maters Third sector organisations Tso
M services needed tosupport manufacture include charities communitygro
Primary sector business in the faithgroups self help groups soci
primary sector are concerned with The UK needs successful enterprises co operatives
extractive industries Manufacturing sectorto support motivated by desire to achievesocialg
eg farming fishing forestry mining theexport earnings
rather than maximise profit
Secondary sector businessesconcerned Anyprofit made is reinvested to impr
with manufacturing turning raw Types of business theservice TSO's can takemany
materialsintosemifinished t finishedproduct Private sector businesses owned and legal forms
The pressing ofsteel into a chassis run by privateindividuals usuallyfor Advantages and disadvantages
the production of an engine profit aka private enterprise of these on flashcards
Secondary industries also include the Publicsector businesses andorgan sole trader
construction industry isations owned t run by local or partnership
Tertiary sector concerned with the central government whose objective companies
output of services is to provide a service ratherthan
eg retailing banking transportation make a profit aka public enterprise Info on
teaching doctors dentistsetc limited liability partnership
private limited company
Intraitocar
Jeindustrialisation the decline inthe f patutnership
owled public limited company
size of the secondary sector of the sygge limited owned private limited company
conomy If I on flashcards
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