Chain of production by Colin Morris https://padlet.com/15cmorris/eu1yx38y9mrm p 184 ch 23 en-us 2018-02-23 10:34:29 UTC 2018-03-09 10:36:44 UTC hello@padlet.com Industry can be divided into four main groups : 15cmorris https://padlet.com/15cmorris/eu1yx38y9mrm/wish/234628344 1/ Extractive refers to those who extract raw materials from: 
-The land e.g Agriculture 
-The sea e.g fishing 
-The air e.g wind power]]> 2018-02-23 10:40:25 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/234628344 Types of production 15mbourkeorourke https://padlet.com/15cmorris/eu1yx38y9mrm/wish/234630731 There are three main groups of production 
1) Primary production- which includes all the products produced by firms in the 
extractive industry. Examples of jobs in the primary sector include miners, 
farmers, fishermen and forestry workers

2) Secondary Production- which includes all the products produced by the 
construction and manufacturing industries. Examples of jobs in the secondary 
sector include carpenters, block layers, computer hardware manufacturers and 
furniture manufacturers

3) Tertiary Production- which includes all the services provided by the service 
industry. Examples of tertiary-sector jobs include accountants, teachers, 
marketing executives and insurance salespeople.
]]> 2018-02-23 10:51:00 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/234630731 Construction in dusty 15cmorris https://padlet.com/15cmorris/eu1yx38y9mrm/wish/234976247 -The construction industry refers to those businesses involved in the building of houses,factories,roads, airports

]]> 2018-02-24 12:27:50 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/234976247 Manufacturing industry 15cmorris https://padlet.com/15cmorris/eu1yx38y9mrm/wish/234977078 -The manufacturing industry is made up of firms that manufacture or make finished products for the consumer using raw materials from the extractive as well as other man made materials.]]> 2018-02-24 12:35:22 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/234977078 Service industry 15cmorris https://padlet.com/15cmorris/eu1yx38y9mrm/wish/235025308 -The service industry gets its name because the firms involved provide a service rather than a product to the customer. These services include insurance and banking.

]]> 2018-02-24 21:16:05 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/235025308 Channels of distribution 15mbourkeorourke https://padlet.com/15cmorris/eu1yx38y9mrm/wish/238948156 A channel of distribution refers to the method used by firms to get their products or services from the factory to the consumer. Manufacturers will choose the channel of distribution that is most suited to their particular goods or services]]> 2018-03-07 00:08:20 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/238948156 Chain of production 15mbourkeorourke https://padlet.com/15cmorris/eu1yx38y9mrm/wish/239187245 Before goods and services are ready to be purchased and used by consumers, most of them must go through some or all of the above stages of production. This journey is referred to as the chain of production.]]> 2018-03-07 15:12:37 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/239187245 Functions of the wholesaler 15cmorris https://padlet.com/15cmorris/eu1yx38y9mrm/wish/240071222 Functions of the Wholesaler
The wholesaler provides the following services to 
the manufacturer and retailer.
The manufacturer
1. The wholesaler buys in large quantities from the manufacturer. 
2. The wholesaler stores the manufacturer’s goods. 
3. The wholesaler promotes the goods of some manufacturers. 
4. The wholesaler provides information to the manufacturer about:
Trends in the market. 
What the retailers think 
Retailer
1.The wholesaler sells goods in smaller quantities to the retailer. This is known as 
‘breaking bulk’.
2.The wholesaler provides credit to retailers. This is very important to retailers, as 
otherwise they may not be able to stay in business.
3. The wholesaler may provide a delivery service.
4. The wholesaler sells a wide range of goods from different manufacturers.
]]> 2018-03-09 10:13:07 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/240071222 15cmorris https://padlet.com/15cmorris/eu1yx38y9mrm/wish/240075490 2018-03-09 10:28:41 UTC https://padlet.com/15cmorris/eu1yx38y9mrm/wish/240075490