INTERACTIVE VIDEO
OVERVIEW
Have you ever wondered how the production of goods and services is divided and how different sectors contribute to the final product? In the business world, the production process is classified into three main sectors: primary, secondary, and tertiary. The primary sector deals with the extraction of raw materials, while the secondary sector focuses on manufacturing and processing goods. Finally, the tertiary sector provides services such as transportation, finance, and healthcare.
In this video, we explore the journey of a gold wedding ring, which serves as an excellent example to illustrate the roles of each production sector. The journey begins in Northern Ireland, where a gold mining operation takes place in the primary sector. The extracted raw material then moves to a gold refinery company in Scotland, which falls under the secondary sector. Finally, the gold is transformed into a beautiful piece of jewellery in the tertiary sector by skilled jewellers throughout the UK, who make it available for purchase to customers.
By understanding the significance of each sector and how they operate, we can better appreciate the challenges involved in the production and supply of goods and services. So, get ready to gain a deeper insight into the world of production sectors!
CASE STUDY ANALYSIS
BRITISH PETROLEUM
BRITISH PETROLEUM
Teacher Resources
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