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Business Movements: Mergers, Takeovers, and Joint Ventures - Coggle Diagram
Business Movements: Mergers, Takeovers, and Joint Ventures
Mergers:
When two companies join together to become one bigger, stronger company.
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Joint Ventures:
When two companies work together on a project, sharing resources and skills to reach a goal.
Sectors of Production
Secondary Sector: Involves making things, like factories turning raw materials into finished products.
Tertiary Sector: Provides services like healthcare, education, transport, and tourism.
Primary Sector: Deals with natural resources like farming, fishing, and mining.
Quaternary Sector: Focuses on research, technology, and development.
Needs and Wants
Needs:Things we must have to survive, like food, water, and shelter.
Wants: Things we desire but don't need to live, like phones or washing machines (though today, some wants are seen as needs).
Resources of Production
Land: The space and natural resources used to produce goods (like land, sunlight, minerals).
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Commerce and Trade
Commerce:Buying, selling, and moving goods and services.
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