Pre Test Classification Of Business

What is tertiary sector?

• Industry manufacturer to produce goods

• Industry provide service to consumer

• Industry extract the natural resources

Which one is secondary sector?

• Hospital

• School

• Factory

The decline in the manufacturing or secondary sector of industries is called....

• Re Industrialization

• De Industrialization

• Industrialization

What is mixed-economy?

• Country only has public sector

• A Country only has private sector

• A Country has public and private sector

Which business are usually in the private sector?

• Electricity

• Defence

• Food

• Health

What is capital?

• Owner saving

• Money invested in to a business by owner

• Money for buying stock

What is privatisation?

• Public Sector become private sector

• Private sector become public sector

• Public sector merger with private sector

Businesses can only operate in one business sector

• True

• False