- an industry involved in the extraction and collection of natural resources, such as copper and timber, as well as by activities such as farming and fishing. a company in a primary industry can also be involved in turning natural resources into products and secondary industry is the industrial sector of an economy that is dominated by the manufacture of finished products. unlike a primer industry, which collects and produces raw materials for manufacture, a secondary industry makes products that are more likely to be consumed by individua
- (b) banking and finance, communications, advertising, transport, warehousing, insurance.
- it enables the manufacturer to concetrate on one product
- it enables the manufacturer to take advantage of division of labour
- it increases output of standardised products at lower prices
- it enables the greater use of machinery, technology and the use of robotics automated systems.
characteristic of department stores :
- large size, central location, wide range of goods, specilisation, etc.
unit retailer: regarded as the last link in the chain of distribution
- purchases goods in large quantities from the wholesaler and sell in small quantity to the consumer.
- deals in general products or a variety of merchandise
- develops personal contact with the consumer
- aims at providing maximum satisfaction to the consumer
- has a limited sphere in the market
(b) so they can easy access to the goods
(c) because they are able to buy in bulk directly form the manufacturers and so obtain discounts.
(d) becuase its fresher
