Business Management is concerned with the management aspects of the inputs, the (12) conversion process, and the outputs. Briefly describe each of the four factors of production (inputs). Provide an example of each factor in relation to a company such as Checkers. (15 )

Shoprite just announced the launch of its first high-end Checkers FreshX supermarket in the Eastern Cape to gain market share with affluent South Africans. The newly revamped retail store, located In Boardwalk Mall, Gqeberha, has created new jobs for 138 employees and currently has 202 workers. The new premium retail store is housed in the same mall that's home to Shoprite Group's standalone baby store, Little Me, and the retailer's standalone pet store, Petshop Science. According to the group, customers can access exclusive private label brands such as Forage & Feast and Simple Truth, a meat market with free-range chicken and restaurant-quality steak. In 2017, Checkers launched its first FreshX store to win over more affluent customers, in its efforts to compete with Woolworths, the leader in the upmarket grocery sector. It has since then launched over 68 FreshX retailer supermarkets around the country, and plans to open more in the next few years. Checkers further cemented its way into the premium food retail segment through its partnership with US coffee chain Starbucks in November last year, which now has outlets in some of the retailer's supermarkets. Some FreshX stores also host upmarket, healthy food outlets such as Kauai. Source: Adapted from Ramalepe, P. 2022. BusinessInsider South Africa. 23 September 2022. Checkers just opened first high-end store in Eastern Cape as it aims at Woolies shoppers. [Online]. Available at: https://www.businessinsider.co.za/checkers-launches-first-freshx-in-eastern-cape-2022