I have to create a peanut butter business using three capitol resources, three human resources, and three natural resources. I do not understand how to do this
You need to know what each of these resources is.
For instance, a capital resource can include the factory, warehouse, and equipment for making peanut butter.
http://www.wisegeek.com/what-is-a-capital-resource.htm
Human resources are the employes, including president, finance officer, bookkeepers, production line workers, and salesmen.
Natural resources for your business will include the soil and climate in which the peanuts are grown. It will also include the gas and oil used for electricity and heat.
Ok, I now know what the resources are but what are they wanting my daughter to do? I am confused on what the question is wanting.
Creating a peanut butter business involves utilizing various resources – capital, human, and natural resources. Here's a step-by-step guide to help you understand how to approach this:
1. Capital Resources:
- Identify three capital resources that are necessary for your peanut butter business. These can include items like equipment, machinery, vehicles, or premises.
- Assess your requirements based on the scale and nature of your business. Do you need equipment for peanut processing, packaging, or storage?
- Research and analyze the costs associated with each capital resource. Consider whether you need to buy, lease, or rent these resources.
- Create a budget plan for acquiring and maintaining these capital resources. Take into account costs such as purchase, maintenance, transportation, and insurance.
2. Human Resources:
- Determine three human resources that are vital for your business operations. These could involve roles like production workers, sales staff, managers, or administrative personnel.
- Define the skills, qualifications, and experience required for each role. For example, you might need production staff with food processing knowledge or individuals with marketing expertise.
- Analyze the labor market to attract suitable candidates. Use platforms like job portals, social media, or local job agencies to advertise vacancies.
- Develop a recruitment plan, which includes steps for shortlisting candidates, interviewing, and selecting the most suitable individuals.
- Consider the financial aspects related to human resources, such as salaries, benefits, insurance, and training expenses.
3. Natural Resources:
- Identify three natural resources that are essential for your peanut butter business. In this case, natural resources could include peanuts, water, and electricity.
- Research and understand the sources and suppliers of these natural resources in your region. Determine factors like availability, quality, and cost.
- Establish relationships with suppliers to ensure consistent and reliable provision of your required natural resources.
- Consider any potential environmental impact of your business operations and ensure compliance with applicable regulations.
- Develop strategies for sustainability and responsible use of natural resources, such as exploring eco-friendly production techniques or waste management practices.
Remember, this is just a general guide to help you understand the process of creating a peanut butter business. Specific details may vary based on your location, legal requirements, target market, and business plan. It's important to conduct thorough research, seek expert advice, and adapt these steps to suit your unique situation.