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Features of Business - Coggle Diagram
Features of Business
Industries
A group of businesses that sell a similar product
The fast food industry
McDonalds
Burger King
Wendys
Subway
Technology industry
Apple
Microsoft
Sony
Samsung
The automotive industry
Tesla
Toyota
Volkswagen
Honda
Ford
Industry types
Primary industry
Businesses that harvest raw materials
Minerals
Metal
Raw foods
Plastic
Wood
"The first step of a product"
Secondary industry
Processes raw materials into complete sellable products
Raw wood into closets
Jewels and metal into jewelery
Plastic and metals into computers
Chemicals into medicines
Tertiary/third industry
Businesses that provide services
Teacher
Creating a product
Input
Manufacture
Revenue
Profit
The money after all expenses are paid
Worker salary
Rent
Shipping costs
The money collected after the product is sold
The process the raw materials go through to become the final product
Raw materials
Wheat
Metal
Wood