{"id":2769,"date":"2023-02-19T16:10:46","date_gmt":"2023-02-19T16:10:46","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-1-2-factors-of-production\/"},"modified":"2023-12-27T18:17:19","modified_gmt":"2023-12-27T18:17:19","slug":"apply-it-1-2-factors-of-production","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/apply-it-1-2-factors-of-production\/","title":{"raw":"Apply It 1.2: Factors of Production","rendered":"Apply It 1.2: Factors of Production"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n\t<li>Identify the four factors of production<\/li>\r\n\t<li>Distinguish between the four factors of production<\/li>\r\n<\/ul>\r\n<\/section>\r\n<section class=\"textbox tryIt\">Watch the video and then answer the following question.<iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/INAdl_N_ju0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Principles+of+Marketing+Transcriptions\/The+Rise+Of+%2412+Salads.txt\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201c<\/span>The Rise Of $12 Salads<span class=\"s1\">\u201d here (opens in new window).<\/span><\/a><\/p>\r\n<p>[ohm2_question height=\"450\" hide_question_numbers=1]3025[\/ohm2_question]<\/p>\r\n<\/section>\r\n<section class=\"textbox linkToLearning\">The salad chains have concentrated on urban locations with high population density and relatively high incomes. What could you do as an entrepreneur if you could not afford to rent in a high traffic, high income location? Perhaps you could operate out of <a href=\"https:\/\/theconversation.com\/whats-a-ghost-kitchen-a-food-industry-expert-explains-163151\">a ghost kitchen<\/a>.<\/section>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li>Identify the four factors of production<\/li>\n<li>Distinguish between the four factors of production<\/li>\n<\/ul>\n<\/section>\n<section class=\"textbox tryIt\">Watch the video and then answer the following question.<iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/INAdl_N_ju0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Principles+of+Marketing+Transcriptions\/The+Rise+Of+%2412+Salads.txt\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201c<\/span>The Rise Of $12 Salads<span class=\"s1\">\u201d here (opens in new window).<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" id=\"ohm3025\" class=\"resizable\" src=\"https:\/\/ohm.one.lumenlearning.com\/multiembedq.php?id=3025&theme=lumen&iframe_resize_id=ohm3025&source=tnh\" width=\"100%\" height=\"450\"><\/iframe><br \/>\n<\/section>\n<section class=\"textbox linkToLearning\">The salad chains have concentrated on urban locations with high population density and relatively high incomes. What could you do as an entrepreneur if you could not afford to rent in a high traffic, high income location? Perhaps you could operate out of <a href=\"https:\/\/theconversation.com\/whats-a-ghost-kitchen-a-food-industry-expert-explains-163151\">a ghost kitchen<\/a>.<\/section>\n","protected":false},"author":21,"menu_order":16,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"The Rise of $12 Salads\",\"author\":\"Insider Business\",\"organization\":\"\",\"url\":\"https:\/\/www.youtube.com\/watch?v=INAdl_N_ju0\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":2754,"module-header":"apply_it","content_attributions":[{"type":"copyrighted_video","description":"The Rise of $12 Salads","author":"Insider Business","organization":"","url":"https:\/\/www.youtube.com\/watch?v=INAdl_N_ju0","project":"","license":"arr","license_terms":"Standard YouTube License"}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2769"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/users\/21"}],"version-history":[{"count":11,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2769\/revisions"}],"predecessor-version":[{"id":8744,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2769\/revisions\/8744"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/parts\/2754"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/2769\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/media?parent=2769"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=2769"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/contributor?post=2769"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/wp-json\/wp\/v2\/license?post=2769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}