Factors of Production
The equipment used to create goods or services.
What are capital resources?
People who work directly in a business are which type of stakeholder.
Who are internal stakeholders?
The money you get from selling goods and services.
Sales
Climate change and resource scarcity is an example of this external force
What is environmental?
Teachers, counselors, principal, social workers
What are labor resources?
People outside a business who are impacted by a business's decisions are which type of stakeholders.
External stakeholders
The costs associated with running a business.
What are expenses?
Consumers preference for environmentally sustainable products would be this external force.
What is social?
Oil, gas, water
What are natural resources?
A business whose goal is to make a profit for its owners.
A for-profit business
This occurs when revenues are greater than expenses.
What is profit?
Inflation and families having less disposable income would be an example of this external force.
What is economic?
Jeff Bezos, Oprah Winfrey, Elon Musk, Mark Zuckerberg
What are entrepreneurial resources?
A business whose motive is to make a profit for its social mission.
A nonprofit business
This occurs when expenses are greater than revenues
What is loss?
Government tax credits for electric vehicles is this external force.
What is political?
Computer, bulldozer, hammer, forklift
What are capital resources?
A bank is an example of this type of stakeholder.
External stakeholders
All sources of income for a business.
What is revenue?
Compliance with safety and emissions standards for electric vehicles is a response to this external force.
What is legal?