What term for production describes a situation where factories and assembly lines represent a significant percentage of total costs?
A)Materials intensive
B)Labor intensive
C)Capital intensive
D)Research intensive
E)Time intensive

Question

Quizplus · Accepted Answer

Capital intensive production refers to situations where the costs of machinery, equipment, and facilities are significant compared to other costs such as labor or materials. It may involve large investments in the initial set-up of factories and assembly lines, as well as ongoing maintenance and upgrades to technology and equipment.

What Term for Production Describes a Situation Where Factories and Assembly