Please help? please be clear and consice with your response

A widget is a general description for a product. The Widget Compnay makes widgets that consist of three parts: Red, Green, and Blue. The widgets are designed in New York City. The Red part is manufactured in Germany. The Green part is manufactured in Mexico. The Blue part is manufactured in Ireland. The packaging for the widget is designed in Paris. The packaging materials and each parts are assembled in China to make the widget for the consumer market. In 2019, a single widget sold for $5.00. In 2022, a single widget sells for $8.95. The increase in cost is due to inflation. Answer these questions: 1. Explain the areas of a business operation that contribute to the final cost of the widget. 2. Explain how inflation factors into the increase cost of a single widget? Please be clear and concise with your response