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Level 3 Diploma in Business Management

Business activity and economic sectors

BM302 · The Business Environment — Week 1 of 16

CourseBM302
Week1 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Business activity and economic sectors

  1. Primary, secondary, and tertiary classification
  2. Quaternary sector development
  3. Transformation of inputs into outputs
  4. Satisfying customer needs
  5. Added Value & the Transformation Process | A-Level Business
  6. The 4 Sectors of the Economy | Think Econ
  7. Economic Activities – Primary, Secondary, Tertiary, and Quaternary Sectors
  8. User needs and wants considerations

What you will be able to do

  • 1.1 Explain different types of business activity.
  • 1.2 Explain different business sectors.

Activity

Start with this week’s 4 videos, then: Seminar, guided reading and a short written task: explain different types of business activity.

Study materials

Videos

  • Added Value & the Transformation Process | A-Level Business · YouTube · tutor2u · 6 min · for registered students
  • The 4 Sectors of the Economy | Think Econ · YouTube · Think Econ · 5 min · for registered students
  • Economic Activities – Primary, Secondary, Tertiary, and Quaternary Sectors · YouTube · School Subjects Online · 8 min · for registered students
  • User needs and wants considerations · Oak National Academy, Key Stage 4 (GCSE level) · for registered students

Further resources

  • Introduction to Business 2e, ch. 1.1: The nature of business – profit and not-for-profit · PDF · OpenStax, textbook chapter; pp. 11–15 · for registered students
  • Key figures on Europe – 2025 edition, Business: sectoral structure of value added (EU) · PDF · Eu, report; pp. 50–56 · for registered students
  • Premature Deindustrialization · PDF · NBER, article · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 2
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Business activity and economic sectors
  • Week 2: Forms of business ownership
  • Week 3: Core functional areas of business
  • Week 4: Interrelationships between business functions
  • Week 5: Organisational structures
  • Week 6: Internal business auditing and SWOT analysis
  • Week 7: The external macro-environment
  • Midterm: Midterm evaluation
  • Week 9: Responding to external environmental change
  • Week 10: Microeconomic and macroeconomic influences
  • Week 11: Government intervention and the international economy
  • Week 12: Applying The Business Environment in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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