Chain of Production Year 9 GCSE Business Studies

Learning Objectives 1) To know examples of businesses operating in the three main sectors of business activity – primary, secondary and tertiary. 2) To understand the chain of production from the primary through to the tertiary sector. 3) To apply knowledge and understanding by discussing changes in activities within the three sectors.

Factors of Production Can anyone remember what they are without looking? One way of remembering the FOUR is by the C. E. L. L

Opportunity Cost • Because of SCARCITY businesses have to make choices. • They can’t afford to have everything they want. Vs Buying new machinery Vs Building a new office – a business can’t always afford to do both. The Opportunity Cost is the NEXT BEST ALTERNATIVE.

Starter Activity The Journey of a 1 2 3

Scripts will be needed with Fred, Mike and Bill Let me introduce you to… Fred the Farmer Mike the Manufacturer Bernice the Banker Split your page into three columns

Primary • How do we get RAW MATERIALS? • We get RAW MATERIALS from: Growing Cutting Down Extracting • These RAW MATERIALS are important because…(discuss and answer)

Secondary • Can you think of another name for this sector? • What do you think happens in this sector? • In this sector, GOODS are produced. These range from paper to cars to tins of food. • What characteristics do ALL GOODS have? Production Line You. Tube clip http: //www. youtube. com/watch? v=r 9 o 71 Nn. Bhzc

Tertiary • This sector is also called the SERVICE sector. • What characteristics will ALL SERVICES have? • You cannot TOUCH a service. • A service cannot be stored for use in the future like a good. • Services are used up IMMEDIATELY they are created.

This is… The Chain of Production

Task Businessstudiesonline Activity – students to complete worksheet and stick into their books.

Depending on each other!!! • Businesses in each sector will depend on those in other sectors • Can you think of some examples? • Diamonds are mined, and then what? • Diamonds are then made into diamond rings. • Diamond rings are then sold by a jewellers. • This is called INTERDEPENDENCE.

What is ADDED VALUE? PRIMARY SECONDARY TERTIARY

In the last 30 years… Primary Secondary Tertiary What changes have occurred in the last 20 years that affect the level of activity in each of the three sectors?

Plenary Question Time!