Ch-4 The role of business in society

Business requires resources to operate. What are they?

Apart from providing business in the primary and secondary sectors, tertiary sector also provide them to households.

The 3 sectors of business operations are:

What leads to lower prices & higher quality goods & services.

Business growth in the region contributes to job creation only.

Wants are something we need and our essentiasl for survival.

Growing business activity creates more income in the society.

For added value to the products customers will usually be willing to pay more.

______ create jobs in economy.

With high ______, entrepreneurs see more opportunities to grow their business.

Secondary sector process raw material into ____ products.

Tertiary sector offer ____