Unit 1 understanding business activity

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need
is a good or services essential for living.
1 of 7
want
a good or service which people would like to have but which is not essential for living people want are unlimited.
2 of 7
Autocratic leadership
is where the manager expects to be in charge of the business and to have their orders followed.
3 of 7
Democratic leadership
gets other employees involved in the decision making process.
4 of 7
Primary sector
is concerned with the extraction of primary materials from their original source.
5 of 7
Secondary sector
is concerned with transforming the raw material into a final product.
6 of 7
Tertiary sector
of industry provides services to the consumes and the other sector of industry.
7 of 7

Other cards in this set

Card 2

Front

a good or service which people would like to have but which is not essential for living people want are unlimited.

Back

want

Card 3

Front

is where the manager expects to be in charge of the business and to have their orders followed.

Back

Preview of the back of card 3

Card 4

Front

gets other employees involved in the decision making process.

Back

Preview of the back of card 4

Card 5

Front

is concerned with the extraction of primary materials from their original source.

Back

Preview of the back of card 5
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