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Report on Classification Of Business Essay

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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.

Marks & Spencer Plc is an international retailer with 718 locations across 34 countries. The business sells clothing,

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