1. Unit 2 Performance Task
Mr. Cannon

2. My Product/Business is…
Why is it needed?
Several reasons….
Here are some pictures of what I envision my business to be

3. What I’ll need 1st factor of production 2nd Factor of Production
Example 1
Example 2
Example 3…
2nd Factor of Production
Example 3….
MORE PICTURES!
MORE PICTURES!
MORE PICTURES!
MORE PICTURES!
MORE PICTURES!

4. What I’ll need 3rd factor of production Example 1 Example 2 Example 3…
MORE PICTURES!
MORE PICTURES!
MORE PICTURES!
MORE PICTURES!
MORE PICTURES!

5. I could also show my factors like this
Example

6. I am the entrepreneur I am the entrepreneur because…
I am similar to some of these people (real life examples of people in your industry) because they also…

7. My PPC
I will face multiple tradeoffs in my business. Here are some examples
Example
E vs F
Example
A vs B
Example
C vs D

8. Here is one tradeoff I can show on a graph called a…
Option 1
For example, as I move from point A to point B… B
Option 2

9. Problems with scarcity
It would be nice if I could just produce infinite amounts of my product. However, scarcity can NEVER be avoided for several reasons…………………..
I will face scarcity in many areas.
Example

10. Scarcity Example 1 This is scarce because…
One way I could try to minimize this is…

11. Scarcity Example 2 This is scarce because…
One way I could try to minimize this is…

12. Scarcity Example 3 This is scarce because…
One way I could try to minimize this is…

13. Plan to improve productivity
Even though I haven’t begun production, I already have a plan to get the maximum production out of my resources.
I plan on getting the best technology because….
More importantly, I will spend time to educate and train my workers because…

14. Plan to improve productivity
The specific types of technology I need are…
Pictures pictures pictures

15. Plan to improve productivity
The specific types education and training I need to consider are…because
Pictures pictures pictures

16. Opportunity Cost Investing in Technology and Education comes at a cost
For example….