sectors

• Types of business sectors

  • Primary sector
  • Secondary sector
  • Tertiary sector
• Primary sector


  Deals with extraction of raw materials and natural resources
• Secondary sector


  Responsible for changing raw materials from the primary sector into useful products
• Tertiary sector


  Renders services to the public and businesses
• Business environments


  • Micro environment
  • Market environment
  • Macro environment
• Micro environment


  The business itself, consisting of all the elements inside
• Market environment


  Exists immediately outside the business
• Macro environment

  Exists outside the micro and market environments
• Possible challenges in the business environments


  • Micro: Difficult employees
  • Lack of vision and mission
  • Lack of adequate management skills
  • Unions, strikes and go-slows

  Market: Competition

  • Shortages of supply
  • Demographics and psychographics
  • Socio-cultural factors

  Macro: Change in income levels

  • Contemporary legislation
  • Labour restrictions
  • Political changes
  • Interest rates
  • Socio-economic issues
  • HIV and AIDS
  • Globalisation and International challenges
• Extent of control


  The amount of influence that a business has on the business environments
• Extent of control over business environments

  • Micro: Full control

  Market: Little/partial/limited control

  Macro: No control