Question

Hi,

I am requesting your help.

Thank you,

Michelle

_______________________________________________

You are a management consultant with McKenzie and Company. You specialize in helping companies accurately identify and acquire the appropriate production inputs for their operations. Based on your extensive experience, you know that most production inputs fall into one or more of the following categories: materials and labor resources or information resources. However, the degree to which of these resources will be the dominant input depends on the type of business. In order to streamline your future projects, you have decided to put together a list of business types and their dominant category of production inputs. For each of the business types listed below, indicate which of the two production input categories in the drop- down menu would be most dominant for that business type. a. Gold mining company- Select b. An online news publisher -Select c. Commercial bank -Select d. Automobile manufacturer- Select e. Accounting and bookkeeping firm -select f. Food processing company Select

Select:

a.
Materials and labor resources
Information resources
b.
Materials and labor resources
Information resources
c.
Materials and labor resources
Information resources
d.
Materials and labor resources
Information resources
e.
Materials and labor resources
Information resources
f.
Materials and labor resources
Information resources

Answer 1

a.Gold mining company: material and Labour resource
Gold mining companies do not deal with information resources as it is a labour intensive industry where the labours have to manually mine the gold by digging the gold mines.

b And online publisher: information resources
The responsibility of the online publisher is to publish information that can be useful for its target audience. Therefore, there is minimal use of labour and maximum use of information. Hence the input category would be of information resources
c Commercial bank: information resources
Commercial banks keep the record of information related to finances of major corporations including the savings details and account details of the individual account holder in the bank. They also had to keep a record of major transactions happening Globally. Therefore it can be concluded that the input category for commercial.
d.Automobile manufacturer: Manufacture and Labour resources
We know that the manufacturing industry is responsible for the manufacturing of automobile that would require raw material for manufacturing the automobile. Labour resources are also required to manage the automation and provide service to the automobile.