Quaternary sector - Study guides, Study notes & Summaries

OMIS 450 Exam 1 Questions With 100% Verified Answers Why was there a surge of interest in service operations. - answer• Quality Movement • Significant role in economic life definition of services - answerEconomic activity that produces time, place, form or psychological utilities. definition of services - answerAll economic activities whose output is not tangible definition of services - answerTime-perishable, intangible experience performed for a customer acting in the role of a co-...

Higher Business Management - Understanding Business Exam Questions And Answers 2024 Primary sector - answerConsists of businesses that are involved in the extraction and exploitation of natural resources Secondary sector - answerConsists of businesses that are involved in manufacturing and construction, by taking the natural resources provided by the primary sector and turning them into goods to be sold later Tertiary sector - answerConsists of businesses and organisations that are invol...

Primary sector - ANSWER-Consists of businesses that are involved in the extraction and exploitation of natural resources Secondary sector - ANSWER-Consists of businesses that are involved in manufacturing and construction, by taking the natural resources provided by the primary sector and turning them into goods to be sold later Tertiary sector - ANSWER-Consists of businesses and organizations that are involved in providing services rather than goods Quaternary sector - ANSWER-Consists ...

Higher Business Management - Understanding Business Exam Questions And Answers 2024 Primary sector - answerConsists of businesses that are involved in the extraction and exploitation of natural resources Secondary sector - answerConsists of businesses that are involved in manufacturing and construction, by taking the natural resources provided by the primary sector and turning them into goods to be sold later Tertiary sector - answerConsists of businesses and organisations that are invol...

Higher Business Management - Understanding Business Exam Questions And Answers 2024 Primary sector - answerConsists of businesses that are involved in the extraction and exploitation of natural resources Secondary sector - answerConsists of businesses that are involved in manufacturing and construction, by taking the natural resources provided by the primary sector and turning them into goods to be sold later Tertiary sector - answerConsists of businesses and organisations that are invol...

Industrial Revolution - Answer A series of improvements in industrial technology that transformed the process of manufacturing goods. industrialization - Answer The development of industries for the machine production of goods. colonialism - Answer Attempt to establish settlements in a region for the sake of sending back resources to the native land imperialism - Answer Attempt to establish economic control over a region for the sake of sending back resources to the native land ...

What makes a place distinctive? - Answer -physical landscapes -human landscapes: important buildings -religious past. places of worship etc. -food and drink specialties -how it's portrayed in the media What is Regeneration? - Answer redeveloping former industrial areas or outdated housing to bring about economic and social change what is Rebranding? - Answer The ways in which a place is redeveloped and marketed so that it gains a new identity so it can attract new investments an...

Development - Answer A process of improvement in the material conditions of people through diffusion of knowledge and technology Gross domestic product (GDP) - Answer The value of total output of goods and services produced in a country in a given time period (normally one year). Gross nationally income (GNI) - Answer Calculates the monetary worth of what is produced within a country plus income received from investments outside the country, as a more accurate way of measuring a coun...

organic agriculture - the production of crops without the use of synthetic or industrially produced pesticides and fertilizers agriculture - the deliberate tending of crops and livestock to produce food, feed, and fiber primary economic activity - economy activity concerned with the direct extraction if natural resources from the environment -- such as mining, fishing, lumbering, and especially agriculture secondary economic activity - economy activity involving the processing of raw materi...

What is business? - ️️meets the needs and wants of stakeholders by producing the goods and services the people need and want. How does business meet the costumers wants and needs? - ️️Its buys and utilizes inputs (factors of production). Land, labour, capital, and entrepreneurship Who are stakeholders? - ️️Anyone who has an intrest in the business. Customers, managers, employees, owners etc. What are the business functions? - ️️marketing, production, accounting, human re...