af Divya Rana - Balmoral Drive Sr PS (1403) 9 måneder siden
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Socks
Socks are crafted from various natural fibers such as wool, bamboo, cotton, silk, and linen, which are spun into yarn and then knitted. Sock businesses require significant investment in machinery like automated knitting machines, conveyer belts, and boarding machines.
Natural fibres like wool, bamboo, cotton, silk, linen are all
used to make yarn, which is what is knitted to make socks
Capital
Knitting machines
Sock boarding machine
Sock businesses have to invest money into buying equipment
such as automated knitting machines, conveyer belts, rollers, vacuum tubes, cutters, dying machines, boarding machines, other automated machinery, and buildings and resources involved
Entrepreneurship
Mikael Söderlindh and Victor Tell
Mikael Söderlindh and Victor Tell are the founders of
Happy Socks, a retailing and manufacturing brand that
produces socks, underwear and swimwear. They had the idea of creating more colourful and "happy" socks, and later started their business and opening stores in eight countries.
Information
Gathering information on the age and preferences of customers and stocking certain designs accordingly, best selling designs, information about competitors, tracking of customer purchases and orders, how seasonal designs are doing
Labour
Worker sewing socks
Physical: Workers closing socks off with sewing
machine, gathering socks from conveyer belts,
restocking yarn, placing socks on stands
Mental: Workers creating new patterns and designs,