What is tertiary sector in business?

Answer 1

The portion of the economy concerned with transportation, communications, and utilities, sometimes extended to the provision of all goods and services to people in exchange for payment; the service industry.

Answer 2

A tertiary industry is also simply classified under the name of "service" or even "services industry". It is therefore quite self-explanatory that this industry is one that provides a service whatever this may be.

Examples of this could be: banking, media, distribution, teaching...

A tertiary industry distributes to people the things the primary and secondary sectors of economy have produced and also provides services like travel, banking or education.
local businesses

Answer 3

The tertiary sector of the economy (also known as the service sector or the service industry) is one of the three economic sectors, the others being the secondary sector (approximately the same as manufacturing) and the primary sector (agriculture, fishing, and extraction such as mining).

The service sector consists of the "soft" parts of the economy, i.e. activities where people offer their knowledge and time to improve productivity, performance, potential, and sustainability. The basic characteristic of this sector is the production of services instead of end products. Services (also known as "intangible goods") include attention, advice, experience, and discussion. The production of information is generally also regarded as a service, but some economists now attribute it to a fourth sector, the quaternary sector.

The tertiary sector of industry involves the provision of services to other businesses as well as final consumers. Services may involve the transport, distribution and sale of goods from producer to a consumer, as may happen in wholesaling and retailing, or may involve the provision of a service, such as in pest control or entertainment. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. However, the focus is on people interacting with people and serving the customer rather than transforming physical goods.

For the last 30 years, there has been a substantial shift from the primary and secondary sectors to the tertiary sector in industrialised countries. This shift is called tertiarisation.[1] The tertiary sector is now the largest sector of the economy in the Western world, and is also the fastest-growing sector

Answer 4

Primary sector is the sector from which we directly get or drive something from nature.When we convert natural products into final goods it comes under secondary sector.when we provide service like selling the good it is tertiary sector.

Answer 5

Everything that is not in the primary (resource extraction) and secondary (processing of resources and manufacture of end use products) sectors.

From banks to hair dressers to taxi companies, the tertiary sector is mainly service and info oriented.

Answer 6

Tetiary sector covers the service industry.This sector offer services to the people and business.The main examples are transportation,banking,insurance,education, law etc.

Answer 7

it is a service sector that provides

support to other sectors