Question

Select the correct answer from each drop-down menu.

Choose the correct business product from the options provided.
Johanna is looking to set up a new drilling company. First, she would need (core items, capital items, and/or component parts)
such as offices and heavy machinery. Since she is
starting from scratch she will need other things as well. The company will require ( process materials, supplies, and/or raw materials)
such as industrial glue and oils to run the
machinery smoothly. Since the venture is new, she will need lots of help. The company will have to employ a legal team and a marketing team as
part of the ( equipment for production, specialty products, and/or business services)
that the company will require.

Answer 1

Setting up a drilling company involves acquiring capital items like offices, heavy machinery, and process materials such as industrial glue. Additionally, business services, including legal and marketing teams, are crucial for the overall success of the venture.

Johanna, in setting up a new drilling company, would initially require capital items such as offices and heavy machinery. These core components form the foundation of her business infrastructure. Additionally, for the smooth operation of machinery, she would need process materials like industrial glue and oils. These materials are crucial for the drilling process, ensuring efficiency and proper functioning of equipment.

As her venture is in its nascent stages, Johanna must also consider the human element. Employing a legal team and a marketing team is essential as part of the business services necessary for the overall functioning of the company. A legal team can assist in navigating regulatory frameworks and ensuring compliance, while a marketing team can help establish the company's brand, attract clients, and promote its services.

In summary, for a drilling company, capital items and process materials are vital for the physical operation, while business services such as legal and marketing teams contribute to the organizational and strategic aspects. This comprehensive approach ensures a well-rounded foundation for the new business venture.