Asked by
Mateo Donoso
on Nov 09, 2024
Verified
A business that depends greatly on equipment and capital for its operations is known as ______.
A) a labor-intensive business
B) a capital-intensive business
C) a service-intensive business
D) an asset-intensive business
Capital-intensive Business
A business that requires a significant amount of capital investment to create and maintain operations, often in industries like manufacturing.
Labor-intensive Business
A type of business that requires a large amount of manual labor to produce goods or services, as opposed to automation or machinery.
Service-intensive Business
A type of business that relies heavily on providing services rather than goods, characterized by a high level of customer interaction and service delivery.
- Identify the distinctions between labor-intensive and capital-intensive enterprises and their respective impacts.
Verified Answer
AG
Learning Objectives
- Identify the distinctions between labor-intensive and capital-intensive enterprises and their respective impacts.