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4. Sources of fixed and running(a) capital- Capital refers to money and all some some other assets of a person, company or industry that can be converted into money. PHYSICAL CAPITAL ­ consists of fixed capital and working or circulating capital. FIXED ­ capital refers to capital that is of a lasting nature and which does non change its work out during the syllabus of outturn, e.g., factory buildings, machines and tractors. WORKING or CIRCULATING ­ capital changes its form or state during the course of production, e.g., raw materials and partly finished goods. You are required to identify the sources of these capitals. e.g. loans 5. Roles of the Entrepreneur- The entrepreneur is a other factors of production and bear risks. Human factor of production whose primary(prenominal) functions are to organize the other factors of production. The entrepreneur consciously moves resources from an ambit of lower productivity and lower yield to an area of higher(prenominal) productivity and higher yields. You are required to list and curtly explain the roles of the entrepreneur. (Check tear down book) 6. Type of production- Production refers to the combining of the factors to hit goods and function to satisfy peoples pauperisms and needs. The types (stages) of production should not be confused with the levels of production.

You are required to state the type(s) of production your intended business leave engage itself in. ( Check Note Book/ Text book) 7. Levels of Production The levels of production classify the amounts of goods and services produced under three different headings: subsistence domestic surplus or export levels. 8. Quality control measures- in this part you should be commensurate to define quality as it relates to your business and then you will state the measures/ ways of ensuring quality in your intended business. E.g. hiring lone(prenominal) trained employees. 9. Use of technology- We all know that technology plays an great part in any business. If businesses dont adapts to... If you want to get a full essay, order it on our website: Orderessay

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