I have this assignment of constructing a business plan. I have chosen to make a flower shop which sells mainly different types of flowers, flower perfumes, flower scented soaps, air fresheners, etc.
Would this business be in the primary, secondary, tertiary industry or mixed?
tertiary
http://geography.about.com/od/urbaneconomicgeography/a/sectorseconomy.htm
Based on the description you provided, a flower shop that sells flowers, flower-related products like perfumes and soaps, and air fresheners would primarily fall under the tertiary industry. The tertiary industry includes businesses that provide services, such as retail, hospitality, and entertainment. In this case, the flower shop focuses on selling products and providing services related to flowers, making it a part of the tertiary sector.
To determine whether a flower shop would fall under the primary, secondary, tertiary, or mixed industry, we need to understand the differences between these sectors.
1. Primary Industry: This sector involves the extraction and production of raw materials directly from nature. It includes activities like farming, mining, fishing, etc.
2. Secondary Industry: This sector involves the manufacturing and processing of raw materials obtained from the primary sector. It includes activities like manufacturing, construction, and production of goods.
3. Tertiary Industry: This sector involves providing services to individuals and businesses. It includes activities like retail, hospitality, healthcare, transportation, etc.
Based on this classification, a flower shop would primarily fall under the tertiary industry. It provides retail services by selling flowers, flower-related products (perfumes, soaps, air fresheners), and possibly even arrangements or event planning services. These activities focus on providing a service to customers rather than producing raw materials or manufacturing goods.
However, it's worth mentioning that there might be some aspects of the flower shop business that involve elements of the secondary industry. For example, if you decide to manufacture your own flower perfumes or soaps, then the production of these items would fall under the secondary industry. In that case, your business could be considered as a mixed industry, as it involves both retail (tertiary) and manufacturing (secondary) activities.
Remember, this classification serves as a basic guideline, and sometimes businesses can have aspects that overlap different sectors.