Report on Classification Of Business Essay - 1015 Words

Report on Classification Of Business Classification of Businesses according to their types of activity: Primary Sector Businesses: The gathering of raw materials, such as fish, oil, or coal from the land or sea or growing using the earth to grow things such as crops or trees Examples: Rio Tinto (Mining), JCI Gold (Mining), Anglo Amer (Mining), BP (Oil and Gas), and Soco International (Oil and Gas). Secondary Sector Businesses: The processing of raw materials into finished goods. Examples of this are food production, computer component manufacture, and car manufacture. Examples: Schweppes (Food and Drink), Unilever (Food and Drink), Intel (Computer Component Production) and Ati (Computer Component Production).†¦show more content†¦Currently the top company in the UK using this method is; HSBC Group (Banking) ($M673, 474) Definitions of Business Localities Local: Businesses trading within, and not exceeding the bounds of the local area, normally defined as within a county or town. National: Businesses trading within, and not exceeding the bounds of one country. International: Businesses trading worldwide, between two or more countries. Classification of Business according to their objective(s): A profit driven business would have its only, or more commonly, its main objective set as making as much money as possible. A non-profit driven business would have different objectives, such as to survive, or, in the case of the business being a charity, to give as much money as possible to needy causes. An example of a profit driven business is Microsoft Corporation (Software), with a turnover of $Thou 25,296,000 An example of a non-profit driven business is the MOD (Ministry of Defence), the main aim being to provide a defence service. Report on Two Businesses in my local area: The two businesses I have chosen to report on are: Marks Spencer Plc, and Marconi. These are both international businesses, but both have local branches. 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