1. Please grab a textbook from the front of the room and take out your notebooks!

5. Work with your "Do Now Partners" to brainstorm different ways to classify and categorize the list they produced.

11. 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.

12. Group 1Group 2Group 3Group 4Group 5Group 6 Natalie Jake K Andrew Kayla Jen Justin Patrick Gabby Victoria Brian W Gianna F Brian S Sam Jake F Brendan G Gianna L Brenden M Dan Louis Pete Nikola Liam Matthew

13. Using your graphic organizer and notes provided in class complete the following activity! Please follow all directions!

14. 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?