Business Studies?

Question

1.Give examples of labour intensive and capital intensive methods of production (advantages and disadvantages of both)

2. Dependency on one large customer. ( why is it not an advantage to depend so much on one customer?)

3. Quality insurance ( how to insure high quality), how can businesses insure high quality?

Answer 1

1. A labor intensive business would be construction, and capital intensive would be a bank.

2. Having one customer hinges your entire business on that customer. If they fail you fail. Additionally, you will still have to compete for that customers business. If they find a cheaper supplier or more quality materials, you are finished.

3. Quality Assurance? I don't think you mean Insurance do you? Businesses can assure high quality by using different quality control methods like ISO.

Answer 2

Not doing your studies for you... Get labor intensive and do it yourself. Don't rely on one person to do it for you. This way you can control the quality of your work...