How have Graeter’s owners used the four factors of production to build the business over time?

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How have Graeter’s owners used the four factors of production to build the business over time?

1. How have Graeter’s owners used the four factors of production to build the business over time?

 

 

 

2. Which of Graeter’s stakeholders are most affected by the family’s decision to take a long-term view of the business rather than aiming for short-term profit? Explain your answer.

 

 

3. Knowing that Graeter’s competes with multinational corporations as well as small businesses, would you recommend that Graeter’s expand by licensing its brand to a company in another country? Why or why not?