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Questions and Answers
Which sector represents a large grouping of companies engaged in similar business activities?
Which sector represents a large grouping of companies engaged in similar business activities?
- Tertiary sector
- Quaternary sector
- Primary sector (correct)
- Secondary sector
In which sector are oil and gas companies categorized?
In which sector are oil and gas companies categorized?
- Quaternary sector
- Secondary sector
- Primary sector (correct)
- Tertiary sector
What represents a more specific grouping of companies within a particular sector?
What represents a more specific grouping of companies within a particular sector?
- Corporation
- Industry (correct)
- Market
- Enterprise
Which industry is concerned with the processing and production of goods and services?
Which industry is concerned with the processing and production of goods and services?
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In which industry are companies engaged in services like education, healthcare, and hospitality categorized?
In which industry are companies engaged in services like education, healthcare, and hospitality categorized?
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Study Notes
Sector Classification
- A sector represents a large grouping of companies engaged in similar business activities.
- The oil and gas companies are categorized in the energy sector.
Industry Classification
- An industry represents a more specific grouping of companies within a particular sector.
- The industry concerned with the processing and production of goods and services is categorized as manufacturing.
- Companies engaged in services like education, healthcare, and hospitality are categorized in the service industry.
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