CAPITAL VS LABOUR INTENSIVE 0.0 / 5 ? BusinessOPERATIONS ASAQA Created by: _Holly98Created on: 19-01-16 14:08 CAPITAL & LABOUR INTENSIVE CAPITAL - METHODS PRODUCTION USE HIGH LEVEL CAPITAL EQUIPMENT COMPARISON OTHER INPUTS LABOUR - METHOD PRODUCTION USE HIGH LEVEL LABOUR COMPARISON CAPITAL 1 of 4 CAPITAL INTENSIVE EVALUATION HIGHER VOLUME OUTPUT FASTER CONSISTENCY (STANDARD QUALITY) ONCE WORKING LOWER UNIT COSTS - LOW PRICE LOSS OF JOBS CAPITAL REQUIREMENT HIGH TEETHING PROBLEMS (TECHNOLOY FAIL WORK) REPUTATION (ETHICAL ISSUE - BETTER EMPLOY STAFF) 2 of 4 LABOUR INTENSIVE JOBS FEEDBACK HAND MADE - CHARGE MORE HIGHER QUALITY HIGH UNIT COST LACK VARIETY / LABOUR TURN OVER / ABSENT STAFF QUALITY NOT CONSISTENT 3 of 4 FACTORS INFLUENCE CHOICE CAPITAL & LABOUR METHOD PRODUCTION SKILLS & EFFICENCY FACTORS PRODUCTION RELATIVE COSTS OF LABOUR SIZE & FINANCE POSITION OF BUSINESS THE CUSTOMER 4 of 4
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