1. From the Wells Company of Innovation
The Fantastic Machine!
From the Wells Company of Innovation

2. Purpose of Product Our product is ….
The purpose of our product is to….
It does this by…
It will meet this need or want…

3. Factors of Production - Land
Wood
Petroleum
Iron Minerals

4. Factors of Production - Labour
Miners (for iron)
Lumberjacks (for wood)
Scientists for Petroleum
Transport drivers
Sales People
Factory workers
CEO

5. Factors of Production - Capital
Lumberjack tools
Scientist tools
Factories
Trucks
Money to purchase raw materials & pay workers
Miners tools

6. Potential Competition
K.F.C – Kassis Friendship Company offers a similar product that does…However, it does not do…. Which our product will.
Mona-Bruce offers this product to only children aged However our product will make this service available to people of all ages. And it a variety of colors!

7. Cost The cost to produce each product is…
Therefore the cost of our product will be…
This will ensure we make a profit off our product, while still staying competitive with other businesses, and not lowering demand by being too high priced.

8. Affects of Demand
If demand of our product were to rise that would affect supply by…. That would affect price by…
If demand of our product were to fall that would affect supply by…. That would affect price by…

9. Role in Market Economy
As an Entrepreneur in a market economy, my role is ….

10. Why we will be successful
We will be successful because
Our product meets a need/want not being met
Our product is the cheapest version available
Our product is environmentally friendly
etc