Zeus Foods Inc. made a late entry into the energy drink industry in its country. In response to the fierce competition it faced in the industry, Zeus Foods decided to limit its variety of energy drinks to only two. However, it ensured that these two flavors were organic and free of artificial ingredients. With this innovation, Zeus Foods Inc. have managed to differentiate itself from its competitors. In this scenario, the generic strategy followed by Zeus Foods Inc. is called strategy. low-cost provider broad differentiation focused low-cost provider focused differentiation

answer; enforce the rules;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."