actors of Production of P&G (Procter&Gamble) Demonstrate your understanding of the five factors of production by providing two examples for each used by the business in the production of goods/products and services. Land/Natural Resources: Identify two natural resources the business uses and explain how each natural resource relates to specific products/services offered by the organization. Labor/Human Resources: Identify two human resources the business uses and explain how each human resource relates to specific products/services offered by the organization. Capital: Identify two uses of capital by the business and explain how each use of capital relates to products/services offered by the organization. Entrepreneurship: Identify two entrepreneurs and specifically state what each entrepreneur has done to start, grow or maintain the business. (You have the option to exchange one of the entrepreneurs with an intrapreneur who serves in a leadership role within the organization.) Do not stop short by saying the entrepreneurs founded the organization. Do the research and provide meaningful and relevant information for each entrepreneur/intrapreneur that provides detail about the efforts they took to start, grow or maintain the business. Knowledge: Identify two specific uses of technology by the business to start, grow or maintain the business. Do the research and provide robust detail. The best way to locate a wealth of sources is to Google “how does [insert name of the business you selected] use technology to start, grow or maintain the business”
Factors of Production of P&G (Procter&Gamble)
Demonstrate your understanding of the five factors of production by providing two examples for each used by the business in the production of goods/products and services.
Land/Natural Resources: Identify two natural resources the business uses and explain how each natural resource relates to specific products/services offered by the organization.
Labor/Human Resources: Identify two human resources the business uses and explain how each human resource relates to specific products/services offered by the organization.
Capital: Identify two uses of capital by the business and explain how each use of capital relates to products/services offered by the organization.
Entrepreneurship: Identify two entrepreneurs and specifically state what each entrepreneur has done to start, grow or maintain the business. (You have the option to exchange one of the entrepreneurs with an intrapreneur who serves in a leadership role within the organization.)
Do not stop short by saying the entrepreneurs founded the organization. Do the research and provide meaningful and relevant information for each entrepreneur/intrapreneur that provides detail about the efforts they took to start, grow or maintain the business.
Knowledge: Identify two specific uses of technology by the business to start, grow or maintain the business. Do the research and provide robust detail. The best way to locate a wealth of sources is to Google “how does [insert name of the business you selected] use technology to start, grow or maintain the business”.
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