Tertiary industry encompasses:

Study for the Year 11 Business Studies Preliminary Exam. Use flashcards, multiple-choice questions, and detailed explanations for each topic. Prepare effectively for your exam and boost your confidence!

Multiple Choice

Tertiary industry encompasses:

Explanation:
Think about the economy in three broad parts: primary, secondary, and tertiary. The thing this question tests is what activities belong to the tertiary sector. The tertiary sector is all about services—doing things for others that don’t result in a physical good being produced. This includes things like banking, retail, healthcare, education, transport, hospitality, and other services that help people or businesses. Why that option fits best is because it captures the whole idea of services provided to others, not just making stuff or extracting resources. The alternative describing production with natural resources belongs to the primary sector, while turning raw materials into products belongs to the secondary sector. Saying it’s only information processing services is too narrow, since many other service activities are part of the tertiary sector.

Think about the economy in three broad parts: primary, secondary, and tertiary. The thing this question tests is what activities belong to the tertiary sector. The tertiary sector is all about services—doing things for others that don’t result in a physical good being produced. This includes things like banking, retail, healthcare, education, transport, hospitality, and other services that help people or businesses.

Why that option fits best is because it captures the whole idea of services provided to others, not just making stuff or extracting resources. The alternative describing production with natural resources belongs to the primary sector, while turning raw materials into products belongs to the secondary sector. Saying it’s only information processing services is too narrow, since many other service activities are part of the tertiary sector.

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