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Question: What factors of production are needed to create your doorbells and bring it to market? (Must include a minimum of 25 and identify their category).
1. Raw materials (Category: Inputs): Copper wire, plastic housing, screws, batteries, buttons, springs 2. Labor (Category: Inputs): Assembly line workers, quality assurance staff, customer service representatives 3. Land (Category: Inputs): Factory buildings, warehouses, distribution centers 4. Capital (Category: Inputs): Machinery, tools, computers 5. Entrepreneur (Category: Inputs): Manufacturer of doorbells 6. Technology (Category: Inputs): Robotics, automated processes, specialized software 7. Advertising (Category: Inputs): Online and offline marketing campaigns, promotions 8. Market Research (Category: Inputs): Surveys, customer feedback 9. Intellectual Property (Category: Inputs): Patents 10. Distribution (Category: Inputs): Delivery vehicles, 3rd party shipping services 11. Storage (Category: Inputs): Shelves, containers 12. Logistics (Category: Inputs): Warehousing, inventory tracking 13. Energy (Category: Inputs): Electricity for machinery, power for distribution 14. Human Capital (Category: Inputs): Knowledge and skills of labor 15. Natural Resources (Category: Inputs): Minerals for the raw materials 16. Labor Productivity (Category: Output): Efficiency of assembly line workers 17. Tangible Capital (Category: Output): Doorbells, packaging 18. Technology Utilization (Category: Output): Ability to maximize the use of technology 19. Innovation (Category: Output): Ideas that improve the doorbells 20. Markets (Category: Output): Retail outlets, ecommerce sites 21. Production Efficiency (Category: Output): Streamlining processes 22. Customization (Category: Output): Ability to tailor the doorbells to customer needs 23. Quality Control (Category: Output): Ensuring the product meets standards 24. Reputation (Category: Output): Brand awareness 25. Revenues (Category: Output): Profits generated from the sale of doorbells
Jan. 4, 2023, 8:51 a.m.
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