Lemonade Stand

Honelako gehiago

GROSS DOMESTIC PRODUCT

by mafer gaspar

Intentensity of food production

by ZHong Chao

Compulsory Entrepreneurial Education across all Studies

by Tomislava Recheva

factors of production

by Bryan Lu

Lemonade Stand- Factors of Production

Entrepreneurship

Skills- Resilience (ability to stand outside for long periods of time), Organization (maintain a hygienic stand)

Only require one level of management (seller overseas everything)

Low-risk endeavor (high potential earnings)

Recognized need for cold drinks on a hot day

Labour

Voluntary, Physical- one employee (me), no cost

Land

Raw materials- water, lemons, sugar

On personal/private land, therefore no cost

Capital Resources

Materials-table, plastic cups, paper sign

Machinery- ice trays, freezer, refrigerator,

Funding- depends on the quantity of lemonade planning to be sold