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Using the business you created in your factors of production project, consider the following scenario: You have been given $10,000 to invest into your company,

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Using the business you created in your factors of production project, consider the following scenario: You have been given $10,000 to invest into your company, You can choose to spend the money on either advertising or product development. Complete the decision making grid below to weigh the costs and benefits of your choices and decide what would be best for your business. Every box needs to be filled in! Decision Making Grid Spend money on Advertising Spend money on Product Development Decisions (How/where would you spend the money?) Benefits- What are the benefits of spending money here? Opportunity Cost(s)- What are you giving up by spending the money here? Final Decision- Explain what you chose and why. O

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