Step+3+-+Product+Information

===﻿Use this link [|Glossary]to define the following: consumer, service provider, human capital, capital equipment, natural resources, import, export, opportunity cost, sole proprietorship, partnership, corporation. Use MS Word for this exercise. === **Project Description ** 1. Describe the typical consumer of your preferred brand. 2. Analyze your product’s production to describe the service providers, human capital, capital equipment, and natural resources. 3. Describe the types of resources necessary to produce and distribute your product. 4. Is your product imported? Is your product exported? To and from where? 5. Create a hypothetical (fictional) situation that involves opportunity cost and a consumer. 6. Find out if your product is produced by a business that is under individual ownership, partnership, or corporation. Answer each of the above in complete sentences on a piece of paper. **Be sure to answer each number completely!**