In this lesson, students will explore and learn about managing the production resources involved in the production processes. Students will be introduced to the various production resources and learn to appreciate the management role in managing these resources. (Slides 9-17; pgs 185-86 in text)
The resources include:
Discuss each of these resources and how they must be managed to make the company profitable.
These YouTube videos introduces these in terms of economics.
Possible Lessons to teach or reinforce this concept:
Production Resource Lesson.pdf