ExpertEasy1 markMultiple Choice
ACCA · Question 32 · The business organisation and its external environment
A company that extracts raw lithium from salt flats operates in which sector of the economy?
A company that extracts raw lithium from salt flats operates in which sector of the economy?
Answer options:
A.
Primary sector
B.
Secondary sector
C.
Tertiary sector
How to approach this question
Extraction of raw materials from the earth is the first stage of production, known as the primary sector.
Full Answer
A.Primary sector✓ Correct
The primary sector of the economy extracts or harvests products from the earth, such as raw materials and basic foods. Activities include mining, agriculture, forestry, and fishing.
Common mistakes
Thinking that because lithium is used in advanced tech, it's a secondary or tertiary activity.
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