Understanding Industry Types

Which industry is responsible for transforming raw materials into finished products?

• Primary Industry

• Secondary Industry

• Tertiary Industry

• Quaternary Industry

What is a key characteristic of tertiary industries?

• They manufacture goods.

• They extract raw materials.

• They provide services.

• They conduct research and development.

Which of the following is an example of a tertiary industry?

• Mining

• Biotechnology

• Car manufacturing

• Healthcare

What distinguishes quaternary industries from other types?

• They focus on research and development.

• They manufacture consumer goods.

• They are involved in agriculture.

• They provide transportation services.

Which industry type is associated with high risk and high reward?

• Tertiary Industry

• Secondary Industry

• Quaternary Industry

• Primary Industry