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Youve heard of the term factor intensity. Imagine two scenarios, one a company that is quite labour intensive, another that is quite raw materials intensive.
Youve heard of the term factor intensity. Imagine two scenarios, one a company that is quite labour intensive, another that is quite raw materials intensive. For each, come up with three things that a company could do to reduce their factor intensity. (6 Marks)
How can technology help companies reduce factor intensity? Provide two examples from real businesses to support your arguments. (4 Marks)
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