Business Structures and Production Management Essentials
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Products and Services Defined
Goods
Goods are all products that have measurable physical characteristics.
Services
Services are intangible and immaterial products.
Economic Sectors of Companies
Primary Sector Companies
These companies are engaged in activities directly related to the land, such as: agriculture, mining, fisheries, and livestock.
Secondary Sector Companies
These are companies that transform, modify, and process raw materials to create the final product.
Tertiary Sector Companies
These companies offer customer services, including:
- Trade
- Transport
- Banking
- Other services
Company Ownership and Legal Forms
Public Company
A public company is managed and directed by government institutions.
Private Company
A private company is managed and directed by a... Continue reading "Business Structures and Production Management Essentials" »