Question

Advantages and disadvantages of tertiary sector

Answer 1

Explanation:

Lower Startup Costs. One of the main advantages of the tertiary sector is that it has a much lower barrier to entry than starting a business that deals with physical products. For example, opening a manufacturing or retail business requires a large outlay of money that may take years to recoup.

Answer 2

Advantages of the tertiary sector:

• One of the number one advantages of the tertiary region is that it has a far decreased barrier to access than beginning a bodily product-primarily based totally business.
• They frequently do now no longer have stock and do now no longer want to fear approximately production products.
• It allows nearby advertising and one now no longer must compete with the retail industry's franchises and corporations.
• They can reply to converting patron wishes an awful lot quicker than product-primarily based totally businesses.
• In instances of financial disaster or downturn, it is able to offer quicker and greater bendy adjustment.
• It reduces environmental harm as a result of heavy industry. It permits for greater speedy financial improvement than the conventional pattern.
• It reduces using substances and strength and aids in know-how advancement.
• More patron-centered merchandise to make certain their satisfaction.

disadvantages of the tertiary sector:

• More reliance on different international locations for goods.
• The alternate deficit has grown due to multiplied imports and reduced exports of goods.
• Product outsourcing has resulted withinside the loss of producing jobs.
• More professional employees and personnel are required.

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