Mindblown: a blog about philosophy.

O level Business Studies: Secondary sector in the world Countries which are in the burgeoning phase have most of their businesses in the secondary sector. Bangladesh would be the perfect example as it is booming and industries are being set up very quickly. About 20 years ago most of the businesses in Bangladesh were operating…

O level Business Studies: Primary sector in the world Most underdeveloped countries in the world have most of their businesses in the primary sector as they do not have the capital or money to start production and the people of the countries cannot afford services. Countries like Pakistan are mainly dependent on agriculture as their…

O level Business Studies: What is the secondary sector? Secondary sector is when the natural resources and mineral are processed by machines to make a final product which could be sold to the consumers.

O level Business Studies: What is the primary sector? Primary sector is concerned with the natural resources and minerals. If primary sector would extract some minerals they would not be used by the primary sector they are actually going to be given to the secondary sector which is going to process it.

O level Business Studies: What are the different sectors of economic activity? Some people call it sectors whereas others call it stages in a business. It simple words you can also say that these are the 3 different areas of business activity.

O level Business Studies: Why is added value important? Added value is important because as the added value would be increasing the business would be earning more money. All the business are striving to achieve this objective by lowering the cost of the material and increase the value of the product by adopting different marketing…

O level Business Studies: How do businesses actually run? If you notice carefully you would understand that the entire world is running on the principles of specialization. We all are doing the things which we can do best. If I am a teacher I am just teaching I am not going to make a chair…

O level Business Studies: Why do some businesses stay small? The proper answer would be luck, but if you want an answer which you would be writing down in your examination would be: The industry is small The owner wants to have personal relations with the customers Something is happening wrong Not enough capital is…