Lemonade Stand
Setting up a lemonade stand involves several key factors of production. Entrepreneurship plays a vital role in recognizing the demand for cold drinks on hot days, presenting a low-risk, high-reward opportunity.
Megnyitás
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
