Benefits of Using a Bank Loan

495 Words2 Pages
Business homework 1a) Two examples of land used by GBK are: the meat used in its burgers, the potatoes that are used for the chips additionally all the ingredients used in the restaurants, also the land the stores are situated on. 1b) Two examples of capital that might be used by GBK are: the cookers that are used to cook the burgers, the equipment used to cook the food. Further more one example of capital used would be computers used to take orders. 1c) I would say that Paul Campbell is an example of Labour. I think this because the Case study states that he ‘heads’ the company. This statement could suggest that he has a managerial role in the company, which would therefor mean that he is skilled in that particular domain and that he has experience. This could also suggest that he is a paid employee and that he earns a better living than the people working in the kitchen or the servers working in the restaurant. However, some could suggest that he is an example of enterprise as the statement ‘heads the company’ could also mean that he is the owner of GBK. He might be a owner of the company or a stakeholder which involve some risk taking and some entrepreneurial skills. This being said, I still think that Paul Campbell is an example of Labour and not Enterprise. 2) I believe that GBK is mainly involved in Secondary production and Tertiary production. I would say they are involved in secondary production as the definition of secondary production is the process of converting a primary product into a finished good and that is exactly what GBK are doing. They convert primary goods such as meat and potatoes into burgers and chips. The finished burgers and chips then act as input for the business. GBK purchase the ingredients needed to create their burgers and then turn the ingredients into the burgers. I also think that GBK is involved in tertiary production

More about Benefits of Using a Bank Loan

Open Document