Note: This is for a gas station franchise Which of the four scarce resources (natural, human,...
Note: This is for a gas station franchise
Which of the four scarce resources (natural, human, capital, and entrepreneurial) present a major challenge for your venture? What limits does the scarce resource present to your venture? Explain in depth.
Homework Answers
According to me, the natural availability of gas is the major challenge for the gas station franchise. Labor/human is available in the area and capital can be made available by applying for business loans from banks. Also, I have worked for another gas station which has helped me gain the necessary experience. Gas is a natural resource and is being used extensively. Hence the resource is depleting at a very fast pace owning to in growth in automobile industry.
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Note: This is for a gas station franchise
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