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Resource Management

Task 1: Differing Resource Requirements in the Three Profiled Businesses
The national economy is made up of three productive sectors namely the primary, secondary and tertiary sectors. The three sectors differ in the activities in which they engage. The primary sector deals with the extraction and harvesting of natural resources. They then perform rudimentary processing of the products for sale directly to consumers (although rare) and to industries in the secondary sector. Primary sector industries include mining, agriculture, fishing, and the timber industry (Goodwin et al. 2014). The secondary sector then converts the outputs of the industry sector into products deemed suitable for consumption. Industries in the secondary sector include manufacturing industries (such as car manufactures, steel rollers and pharmaceutical industries) and processing industries (such as wine companies, soft drink companies and milling companies) (Goodwin et al. 2014). Then there is the tertiary sector that provides services to the primary and secondary sectors. Such services include marketing services, transport, consulting, education, finance and administration to mention just but a few (Goodwin et al. 2014).
The management of physical and human resources differ from sector to sector and from industry to industry. Industries in the same sector may have similar or closely similar resource requirements. However, resource requirements largely depend on the activities of the business. The agriculture industry (generally the primary sector) is largely labour intensive (The World Bank 2003). This means that the sector is mainly dependent on human resource for its success. This is one of the reasons why developed countries are slowly abandoning the primary sector especially agriculture (The World Bank 2003). Instead, they prefer to import raw materials from

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