Let's take a look at the factors of production as they relate to making strawberry milkshakes at a soda fountain. The table classifies the required resources into the
four factors of production.
Land
Labor
Capital
Entrepreneurship
the idea to start a soda fountain
specializing in strawberry
milkshakes
strawberries strawberry farmer
store
.
strawberry
fields
delivery person who brings
the strawberries to the
market
Juicer
water and
ice
person who makes the
milkshake
glasses and straws
skill of preparing a
unique strawberry
milkshake
milk

The technique of getting a commitment from a potential customer and then changing the terms of the agreement is best described as low-balling. cognitive dissonance. reciprocal concession. the foot-in-the-door technique. a half-dozen high school students are going to a concert. chantal wants to wear a new colorful outfit that she just received as a gift, but she assumes that her five friends will all be wearing nothing but black leather. chantal decides to do likewise, and leaves her colorful outfit in the closet. chantal’s behavior is an example of conformity. resistance. reciprocation wariness. idiosyncrasy credits.