M2P5 Josie Notes

Last updated Dec 7, 2022 Edit

• Business

Labour intensity – product relies on using labour resources Capacity intensity – product relies on using capacity resources

• unit costs may still be low in low-wage locations
• labour is a flexible resource-through multi-skilling and training
• labour at the heart of the production process – can help continuous improvement

• greater risk of problems with employee/employer relationship
• potentially high costs of labour turnover (recruitment etc)
• need for continuous investment in training

1. A
2. B
3. D
4. A

Business