Discussion #2 – Understanding Factors of Production

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Discussion #2 – Understanding Factors of Production

Question

AN ECONOMIC SYSTEM RELIES ON THE FOLLOWING FOUR BASIC FACTORS OF PRODUCTION FOR A SUCCESSFUL OPERATION (See page 4 in text):
1) natural resources
2) capital
3) human resources
4) entreprenuership

With this in mind, complete the following:

Discussion Assignment 1

*Choose any manufacturing company and describe AT LEAST four specific inputs that make up factors of production for that company. For example, if you chose an auto manufacturer like Toyota, list at least four specific factors of production (inputs) an auto manufacturer such as Toyota might use. Answer: Which is most important? Why?

Submit your original response in 250 words or less and respond to at least two classmates for full credit! 20 points possible.

Please respond when your classmates ask a question or comments on your original post.

Please see Discussion Rubric in Module 1 for guidance regarding your posts.

Have fun! 

*NOTICE!!: PICK A COMPANY QUICKLY!! FIRST COME FIRST SERVED:  KEEP IN MIND WE DO NOT WANT DUPLICATION: SO….

WHOEVER picks a company first for their original post, that company cannot be picked by someone else for their original post.”

SO PICK A COMPANY NO ONE ELSE HAS PICKED..IF YOU PICK A COMPANY THAT SOMEONE ALREADY PICKED, YOU AUTOMATICALLY RECEIVE HALF CREDIT FOR ANY POINTS EARNED ON THIS ASSIGNMENT.

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This question is taken from Business 101 – Introduction to Business » Winter 2021 » Discussion