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What is business - Coggle Diagram
What is business
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Business sectors
Primary
Businesses operating in the primary sector are involved with the extraction, harvesting and conversion of natural resources.
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Tertiary
Businesses that operate in the tertiary sector specialize in providing services to the general population and other organizations.
Quaternary
This is a sub-category of the tertiary sector. Businesses that operate in the quaternary sector are involved in intellectual and knowledge-based activities that generate and share information.
business is a decision-making organization involved in the process of using inputs to produce goods and/-or to provide services. The nature or purpose of business activity is to generate added
value.
An entrepreneur is the individual who plans, organizes and manages a business and its operations, taking on financial risks in doing so.