Unit 1 business C-Tech
Lo1
Primary - Extraction /harvest of law materials (mining, agriculture, fishing (cr)
secondary - manufacturing of products by making primary products into finished
goods (car making, carpenter, chocolate factory, ect)
Tertiary - provision of service & sove, of finished goods (Tesco, school, bank)
Growth in the tertiary sector.
• increase in disposable income - more money spent on services (cinema)
• Tertiary services sell services abroad (financial sector)
• Tertiary sector has less scope a automation (workers can be easily replaced)
Employment change in primary
• UK primary sectors have fallen, employing fewer people.
• Materials used up - lost Jobs, as machinery is used
• workers are expensive, so less are hired, loss of farming jobs
• overseas competition. uk can't produce goods as cheaply (coal, fuel bough ourseas
Employment change in secondary
• Jobs are lost as uk secondary sector fails (de - industrialisation) - goods
• Foreign competitors - goods are made overseas (cheap, better quality)
• Use of machinery means sobs are lost as they are less expensive and the workers are no
longer needed.
Employment change i n tertiary sector
• The UK Tertiary sector has risen, making more jobs as tertiary sectors connected to rise in
population.
• Not affected by machinery.
• increase in wealth means more spent on services. More customer service.
• increase in phone and call centres
Different sectors of operation
Private - owned, ran + financed by private person to make a profit (sole trader,
Partnership, PIC, tescos, HEM ect)
Public - owned / operated by Government, Providing essential services (NHS, Police ,
Ambulance, Public school, Libraries, royal mint ect). Public sector organisations must be a
public service.
Third - voluntary / non profit (charities) funded by donations (food banks,
oxfam, cancer research ect). Must be non- profit designated to help people ( Not supported /
owned by Government)
Different forms of legal business ownership
Sole trader - owned by a person. Can start with limited finance, few legal requirements,
flexible hrs, no shared profit, However, they're liable for all debt, no coworkers, lack of
finance restricts and long hrs.
Partnership - 2 owners. Deed of partnership needed & limited liability. Multiple people. More
finance, Different areas of expertise & few legal requirements. However, Decisions may take
longer, the profits are shared, and owners have unlimited liability & no separate legal
identity. LTD - separate legal identity to owners, shares sold = owners. owners choose who
shares are sold to. They're expensive, take time and shares can’t be sold publicly.
PLC - Separate legal identity to owners. shares bought on the stock market. They have a
high profile so it is easy to attract customers, The legal process is long and decisions take
time.
Government owned - under government control & shows organisations aims. They recieve
Government support and have more than one provider. They may not prioritise
cost control & may not be as efficient and can be used for political gain.
Non profit - not for profit (charity, trade unions) . They're quick to set up, have
Lo1
Primary - Extraction /harvest of law materials (mining, agriculture, fishing (cr)
secondary - manufacturing of products by making primary products into finished
goods (car making, carpenter, chocolate factory, ect)
Tertiary - provision of service & sove, of finished goods (Tesco, school, bank)
Growth in the tertiary sector.
• increase in disposable income - more money spent on services (cinema)
• Tertiary services sell services abroad (financial sector)
• Tertiary sector has less scope a automation (workers can be easily replaced)
Employment change in primary
• UK primary sectors have fallen, employing fewer people.
• Materials used up - lost Jobs, as machinery is used
• workers are expensive, so less are hired, loss of farming jobs
• overseas competition. uk can't produce goods as cheaply (coal, fuel bough ourseas
Employment change in secondary
• Jobs are lost as uk secondary sector fails (de - industrialisation) - goods
• Foreign competitors - goods are made overseas (cheap, better quality)
• Use of machinery means sobs are lost as they are less expensive and the workers are no
longer needed.
Employment change i n tertiary sector
• The UK Tertiary sector has risen, making more jobs as tertiary sectors connected to rise in
population.
• Not affected by machinery.
• increase in wealth means more spent on services. More customer service.
• increase in phone and call centres
Different sectors of operation
Private - owned, ran + financed by private person to make a profit (sole trader,
Partnership, PIC, tescos, HEM ect)
Public - owned / operated by Government, Providing essential services (NHS, Police ,
Ambulance, Public school, Libraries, royal mint ect). Public sector organisations must be a
public service.
Third - voluntary / non profit (charities) funded by donations (food banks,
oxfam, cancer research ect). Must be non- profit designated to help people ( Not supported /
owned by Government)
Different forms of legal business ownership
Sole trader - owned by a person. Can start with limited finance, few legal requirements,
flexible hrs, no shared profit, However, they're liable for all debt, no coworkers, lack of
finance restricts and long hrs.
Partnership - 2 owners. Deed of partnership needed & limited liability. Multiple people. More
finance, Different areas of expertise & few legal requirements. However, Decisions may take
longer, the profits are shared, and owners have unlimited liability & no separate legal
identity. LTD - separate legal identity to owners, shares sold = owners. owners choose who
shares are sold to. They're expensive, take time and shares can’t be sold publicly.
PLC - Separate legal identity to owners. shares bought on the stock market. They have a
high profile so it is easy to attract customers, The legal process is long and decisions take
time.
Government owned - under government control & shows organisations aims. They recieve
Government support and have more than one provider. They may not prioritise
cost control & may not be as efficient and can be used for political gain.
Non profit - not for profit (charity, trade unions) . They're quick to set up, have
