Biran Shah's Photo Essay PowerPoint
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This photo essay examines several businesses in terms of their goods and services, factors of production, opportunity costs, and trade-offs. It analyzes Kroger grocery store, Atlanta Falcons stadium, LA Fitness gym, Georgia Aquarium, and Staples office supply store. For each business, it identifies their main goods and services, key factors required for production like location, staffing, and maintenance costs, alternative opportunities that resources could be allocated to instead, and trade-offs involved like long-term costs and staffing alternatives.
Biran Shah's Photo Essay PowerPoint
- 1. PHOTO ESSAY BY BIRAN SHAH
- 2. KROGER Goods and Services: Groceries, Fruit, Vegetable, Dairy Products http://b-i.forbesimg.com/clareoconnor/files/2013/07/kroger2.jpg Factors of Production: Lot size and location, cashiers, bakers, manager, brick Opportunity Cost: Gas Station Shop or Publix Trade Off: Takes several years to fully break even from construction costs to actually make a profit
- 3. ATLANTA FALCONS (GEORGIA DOME) Goods and Services: Entertainment from hosting football games to concerts Factors of Production: Operating cost and maintenance, upkeep, Lot and stadium size and location Opportunity Cost: High School Football Games, and local, small concerts Trade Off: Extremely expensive and requires millions each year for refurbishing http://www.ehdwalls.com/plogcontent/images/1024x768/sport/atlanta_falcons_georgia_dome_wallpaper__1024x768.jpg
- 4. LA FITNESS Goods and Services: Exercise, healthy drinks offered Factors of Production: Operating cost and maintenance, upkeep, hiring personal trainers, keeping all equipment clean Opportunity Cost: Purchase your own equipment or join a smaller, downsized gym Trade Off: Constant update for machinery http://www.jacobsrg.com/wp-content/uploads/2013/03/img-thing.jpg
- 5. GEORGIA AQUARIUM Goods and Services: Marine exhibits, marine shows, and food from the food court Factors of Production: Operational costs, attracting people, hiring workers, lot and size http://www.heery.com/Repository/Images/show_image_ Georgia_aquarium.jpg Opportunity Cost: Buy your own pet fish or watch videos on marine creatures Trade Off: Expensive, many workers could attend college instead
- 6. STAPLES Goods and Services: Office Supplies and electronics Factors of Production: Lot and size, updating software and electronics Opportunity Cost: Office Max, Office Depot Trade Off: Pursuing a college degree instead of working here as a cashier http://upload.wikimedia.org/wikipedia/commons/f/f5/Staples_store.JPG