BUSINESS REVISIONS

1. Social enterprises generate revenue by offering products and services on the open market, but
they also invest their earnings back into the company or the neighbourhood, benefiting society as a
whole.

2. business organisations owned & controlled by a group of people to undertake an economic activity
for mutual benefit

3. The primary sector is involved in activities such as farming, fishing, mining, and forestry. This
sector involves the extraction and harvesting of natural resources from the environment. The
products obtained from this sector are raw materials that are used in the production of goods in
other sectors.

On the other hand, the tertiary sector is involved in providing services to consumers and businesses.
This sector includes activities such as retail, healthcare, education, transportation, and hospitality.
The products obtained from this sector are intangible and cannot be touched or felt physically.