Please grab a textbook from the

front of the room and take out your notebooks!

Work with your "Do Now Partners" to brainstorm

different ways to classify and categorize the list

they produced.

Each group will travel to each station to research the important information behind each factor of production. The Graphic Organizer at each station will require you to

describe the factor, give an example of the factor and state

the reward of the factor.

Group 1 Group 2 Group 3 Group 4 Group 5 Group 6

NatalieJake K Andrew Kayla

JenJustin

Patrick Gabby

VictoriaBrian W Gianna F Brian S

Sam Jake F

Brendan GGianna L

Brenden MDan LouisPete

Nikola Liam

Matthew

Using your graphic organizer and notes

provided in class complete the following

activity! Please follow all directions!

1. Which of the factors do you think are the most important for the production process? Does it depend of what business? Explain.

2. Which of the factors do you think are the least important for the production process? Does it depend of what business? Explain.

3. Which of the factors do you think are the cheapest for the entrepreneur/company to pay for in the production process? Why do you think so?

4. Which of the factors do you think are the most expensive for the entrepreneur to pay for in the production process? Why do you think so?