The production operations of any business combine two factor inputs:
The relatively importance of labour and capital to a specific business can be described broadly in terms of their "intensity" (or to put it another way, significance).
Sounds simple! Some examples will help reinforce the point:
The main features of each category can also be summarised as follows:
Labour intensive operations
Capital intensive operations
We'll use this Series to curate resources that support teachers and students preparing for the BUSS4 Section A Research Theme on Manufacturing in the UK (June 2015). These resources will complement our popular BUSS4 Section A Toolkit on Manufacturing and the BUSS4 Exam Coaching Workshops which also include sessions on Manufacturing.
Fully worked A Grade answers to recent Edexcel GCSE Business Studies Unit 3 exam papers with detailed examiner commentary on how good technique scores top marks
This resource comprises two practice exam papers (with supporting mark schemes) for each of the two Year 1 (AS) papers. The format of each practice exam paper follows precisely the format of the specimen assessment materials issued by the board that have been accredited by Ofqual.