https://padlet.com/becava31/322d3etco6ltag4h en-us 2023-02-27 16:07:30 UTC 2025-10-03 10:34:05 UTC hello@padlet.com becava31 https://padlet.com/becava31/322d3etco6ltag4h/wish/2498122045 Factor of Production: Land
Chicken Salad Chick has decided to focus on expansion to Virginia next. Because they’re a southern-focused chain, expansion to a state like Virginia makes sense considering their relatively high Chicken Salad consumption. These 6 stores will join an already-existing 225 franchises.]]> 2023-02-28 15:18:44 UTC https://padlet.com/becava31/322d3etco6ltag4h/wish/2498122045 becava31 https://padlet.com/becava31/322d3etco6ltag4h/wish/2498140786 Factor of Production: Labor
Initially, she had just been producing in her kitchen after her children went to bed. However, increased demand led to a struggle to fulfill orders and care for her children among a divorce. To address this issue, she added a busisness partner that she would later marry.]]> 2023-02-28 15:30:08 UTC https://padlet.com/becava31/322d3etco6ltag4h/wish/2498140786 becava31 https://padlet.com/becava31/322d3etco6ltag4h/wish/2498145087 Factor of Production: capital
Stacy was initially making her chicken salad in her kitchen, but she got shut down by the Health Department. To work around this issue, she purchased a building and converted it into a kitchen that she could produce her salad in.]]> 2023-02-28 15:32:23 UTC https://padlet.com/becava31/322d3etco6ltag4h/wish/2498145087 becava31 https://padlet.com/becava31/322d3etco6ltag4h/wish/2498165440 Factor of Production: Entrepreneurship
Stacy Brown recognized the need for Chicken Salad. She knew that Southerners had a strong preference for a particular Chicken Salad recipe, and she wanted to capitalize on that.]]> 2023-02-28 15:44:22 UTC https://padlet.com/becava31/322d3etco6ltag4h/wish/2498165440 becava31 https://padlet.com/becava31/322d3etco6ltag4h/wish/2498364312 Factor of Production: labor
Kevin, the 49/51 business partner of Stacy, gets laid off from his software engineering job. This causes him to devote all of his time and effort to the Chicken Salad Chick, making him the first full-time employee of the company.]]> 2023-02-28 17:49:15 UTC https://padlet.com/becava31/322d3etco6ltag4h/wish/2498364312 becava31 https://padlet.com/becava31/322d3etco6ltag4h/wish/2498379076 factor of production: entreprenuership
Almost a year after opening their first small chicken salad stand, they made an accounting profit for the first time. Neither of them were employed prior to starting the business, meaning that there weren’t implicit costs and they also made their first economic profit at the same time.]]> 2023-02-28 17:59:02 UTC https://padlet.com/becava31/322d3etco6ltag4h/wish/2498379076 becava31 https://padlet.com/becava31/322d3etco6ltag4h/wish/2498379409 factor of production: entreprenureship
The decision to expand and franchise the business beyond the first store was a entreprenurial decision made by Stacy and her partner. Their first franchise was in Mobile, Alabama. This franchise was owned by them (corporate) but later franchises would be owned by a combination of the corportation and private franchisers.]]> 2023-02-28 17:59:17 UTC https://padlet.com/becava31/322d3etco6ltag4h/wish/2498379409