Baking dog treats in her kitchen has been a simple process for wanda to manage. she has two ovens, one sink, a refrigerator, and enough room for two people to work at the same time. however, when wanda moves her business out of her home, she will have a commercial kitchen that can accommodate as many as six people working simultaneously. she had never thought of her business as "production" until the real estate agent who showed her the space asked how many production workers she needs to accommodate. at that point wanda realized she would be running a production system. even worse, she realized that she had never even visited a manufacturing facility or set foot on a real production floor. how will she ever manage this process?

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

i'ts proportional. if the inflation rate is 12% for example, the cpi will be 12% less.

hope it ,

bioteacher101

answer; marketing resource management;

answer; /// the use of a bank credit card to make purchase;