Consider all factors of production-labor-natural resources

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1. Consider all the factors of production: labor, natural resources, capital, entrepreneurs, technology, and knowledge. Is each resource a vital part of the school you attend or the company for which you work? Which factors do you believe are most important to the goods and services provided by your organization?

2. It is increasingly important for businesses to have green practices—reducing their carbon footprint, offering green options for consumers, and so on. What examples can you think of where a company’s marketing campaign has highlighted its concern for the environment? What might the costs to a company be for going green? What consequences might a company face if it does not?

3. Many businesses now both maintain an online presence and have physical stores. Select a few specific companies and research the options for delivering product to customers. In what way does the online store compete with the physical store? How do the two storefronts support each other?

Reference no: EM131731655

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