Sectors of Industry !

Businesses can be classified (grouped together) in different ways.

One way is to group them by INDUSTRY.

PRIMARY SECONDARY TERTIARY

Retailing Industry Education Industry Agriculture Industry

These industries are then often grouped into three sectors:

Primary SectorThe Primary Sector is that part of the

economy where businesses grow, collect, mine, or cut down raw materials.

Raw materials are needed to make other goods and services –

wheat, pork, fish, timber, coal, oil and gas . . .

Secondary Sector(aka “the Manufacturing Sector”)

The Secondary Sector is that part of the economy where businesses take the raw

materials produced in the Primary Sector and transform them into goods.

Goods are physical products that can be

seen + touched.

Tertiary Sector(aka “the Service Sector”)

The Tertiary Sector is that part of the economy where businesses produce services.

Services are non-physical products

that cannot be touched or stored like a haircut or a

train journey

Primary, Secondary and Tertiary industries are linked together in a

Chain of Production

Chain of Production is the various production stages through which a product passes before

being sold to a consumer.

Which Sector?(Primary, Secondary or

Tertiary)

Practice:

Selling clothes

. . . TERTIARY

Which Sector?(Primary, Secondary or

Tertiary)

100 points:

Picking apples off trees

. . . PRIMARY

Which Sector?(Primary, Secondary or

Tertiary)

200 points:

Producing apple sauce

. . . SECONDARY

Which Sector?(Primary, Secondary or

Tertiary)

200 points:

Selling apple sauce

. . . TERTIARY

Which Sector?(Primary, Secondary or

Tertiary)

300 points:

An insurance company

. . . TERTIARY

Which Sector?(Primary, Secondary or

Tertiary)

300 points:

An automotive plant

. . . SECONDARY

Which Sector?(Primary, Secondary or

Tertiary)

300 points:

Fishing

. . . PRIMARY

Which Sector?(Primary, Secondary or

Tertiary)500 points:

Draw the Chain of Production for Orange Juice.

PRIMARY SECONDARY TERTIARY

Shawn "Jay-Z" Carter/Damon DashEntrepreneurs Age: 34/32

Jay-Z and Dash's $300 million empire, Roc-A-Fella Enterprises, is still going strong. The 8-year-old company boasts Roc-A-Fella Records, Rocawear, a leading urban

clothing producer, and Roc-A-Fella Films, which produced State Property and Paid in Full, a film nominated by the Independent Spirit Awards for best first feature. What's

next? Jay-Z, whose swan song CD, The Black Album, was released in November, hopes to appear on the silver screen

Sean "P. Diddy" CombsEntrepreneur Age: 34

As CEO of Bad Boy Entertainment Inc., Combs oversees multiple business units, including Bad Boy Records, Daddy's House

Studios, and the hugely successful Sean John apparel line. Combs' empire grew substantially last year, raking in an estimated $500 million in sales, up from $300 million in 2001. He also executive

produced this summer's Bad Boys II soundtrack, which went platinum and debuted at No.1 an the Billboard charts.

O'Shea "Ice Cube" JacksonFilm Producer / Entrepreneur Age: 34

From hard-core rapper to film star to director, Ice Cube has been a success. His Friday movies grossed $118 million and Barbershop raked in $75 million. The CE0 of Cube Vision Productions, he recently signed on to produce and

star in a minimum of three films for Revolution Studios. He has two films scheduled for release in early 2004. Also look for him in the XXX sequel. These

days, every day is a good day.

Karl KaniEntrepreneur Age: 35

For more than a decade, Kani (born Carl Williams) has been a major player in the fashion scene. His company, Karl Kani Infinity Inc,, has earned more than $1 billion

in net sales since 1994. In February, Kani teamed up with Cash Money Records' co-CEO Bryan "Baby" Williams far a new clothing line, which he expects to pull in

$40 million in sales by the end of 2004. The company is No. 49 on the BE INDUSTRIAL SERVICE 100 list with $71.2 million in sales.

Walter LathamEntrepreneur Age: 32Latham is laughing all the way to the bank as CEO of Latham Entertainment (LE) which grossed $10 million in 2002. The comedy tour promoter, who's responsible for pro meting Chris tucker, Martin Lawrence, and Bernie Mac, launched the Kings of Comedy tour in 1997, which grossed $39 million in the first three years. Latham brought the tour to the big screen in The Original Kings of Comedy, directed by Spike Lee. Budgeted for $3 million, the film grossed more than $38 million and was nominated for an NAACP Image Award In early 2003, the company partnered with Miller Lite to produce a 13-episode reality search television program titled The Miller Lite Kings and Queens of Comedy Search.

L. Londell McMillanAttorney and Entrepreneur Age: 37Passion drives McMillan to the halls of justice everyday, "advocating for change within an industry that has made $65 billion, largely off the backs of our talent," says the negotiator and litigator, who co-founded the Artist Empowerment Coalition to promote artists' rights. McMillan's high-profile clients, such as Stevie Wonder and Roberta Flack, represent a $4.5 billion client brand value. He negotiated the $120 million deal when Prince changed his name to a symbol. Instrumental in the formation of the WNBA, he lobbied the NBA on behalf of star athletes to create the franchise and handles intellectual property issues for The New York Times. Currently in expansion, The McMillan Firm & NorthStar Business Enterprises Inc. is a full service enterprise, where business and law meet politics and media.