(i) Primary activities include activities, such as hunting, fishing, mining, agriculture. (i)
Secondary activities include manufacturing and constructions
. (ii)These activities concerned with are obtaining materials directly from nature. For example, fish from water or wood from trees.
What is the main difference between secondary activity and tertiary activity?
| Secondary Economic Activities Tertiary Economic Activities | (i) Secondary activities are concerned with activities adding value to already existing products from primary activities. (i) Tertiary activities are concerned with providing services rather than providing material goods. |
|---|
What is the difference between primary and secondary activities in business?
Porter identified two categories of activities: primary and secondary. Primary activities are core functions for the enterprise, creating and delivering products and services for customers.
Secondary activities support the primary activities and are common to many organizations
.
What is the difference between primary secondary and tertiary economic activities?
The primary sector gathers the raw materials, the secondary sector puts the raw materials to use, and the
tertiary sector sells and supports the activities of the other
two.
Which is a secondary activity?
A secondary activities is
an activity performed by a unit in addition to its principal activity
. The result of a secondary activity is called secondary production.
What are the 5 secondary activities of a value chain?
In Porter’s value chains, Inbound Logistics, Operations, Outbound Logistics, Marketing and Sales, and Service are categorized as primary activities. Secondary activities include
Procurement, Human Resource management, Technological Development and Infrastructure
(Porter 1985, pp.
What are examples of secondary activities?
Answer: Industries which are involved in making more valuable and useful goods from the products of primary activites such as agriculture, forestry, fishing and mining are called secondary activities.
Manufacturing of cloth from cotton; sugar from sugarcane etc.
are the examples of secondary activities.
What is primary secondary and tertiary sector explain with example?
Tertiary sector
The primary sector consists of the agricultural industry and associated services.
The secondary sector consists of the manufacturing industry
. The tertiary sector consists of the service sector. The primary sector supplies raw materials for goods and services.
What is the difference between primary secondary and tertiary?
The main difference between primary secondary and tertiary consumers is that
primary consumers are the herbivores that feed on plants
, and secondary consumers can be either carnivores, which prey on other animals, or omnivores, which feed on both animals and plants, whereas tertiary consumers are the apex predators …
What are the 5 sectors?
- Primary activities. …
- Secondary activities. …
- Tertiary activities. …
- Quaternary activities. …
- Quinary activities.
Is trading a secondary activity?
Answer: The various activities have been classified into three main sectors i.e., primary, secondary and tertiary. …
Quarrying and manufacturing
is included in the secondary sector. Trade, transport, communication, banking, education, health, tourism, services, insurance etc.
What are the characteristics of secondary activities?
- Labour and capital intensive.
- Light industries are situated in urban areas and heavy industries outside urban areas.
- Its existence is dependent on primary industries.
What are primary and secondary economic activities?
One classical breakdown of economic activity distinguishes three sectors:
Primary: involves the retrieval and production of raw materials
, such as corn, coal, wood or iron. … Secondary: involves the transformation of raw or intermediate materials into goods, as in steel into cars, or textiles into clothing.
What are the 5 primary activities of a value chain?
The primary activities of Michael Porter’s value chain are
inbound logistics, operations, outbound logistics, marketing and sales, and service
. The goal of the five sets of activities is to create value that exceeds the cost of conducting that activity, therefore generating a higher profit.
What are primary and secondary activities in value chain?
The primary activities of the value chain include
inbound logistics, operation outbound logistics, marketing and sales, and service
. Secondary activities or the support activities include firm infrastructure, human resources management, and procurement.
How do primary activities help secondary activities?
primary activities
supply raw materials to secondary activities for manufacturing
…!
