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SMES EMPLOY MORE LABOR-INTENSIVE PRODUCTION PROCESSES THAN LARGE ENTERPRISES. a. False. b. True.

SMES EMPLOY MORE LABOR-INTENSIVE PRODUCTION PROCESSES THAN LARGE ENTERPRISES. a. False. b. True.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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SMES EMPLOY MORE LABOR-INTENSIVE PRODUCTION PROCESSES THAN LARGE ENTERPRISES. a. False. b. True.
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Labour intensive refers to a production process where labour costs are the largest element. Labour intensive means that capital is a small percentage of the final cost. SMEs depends more on labour-intensive production processes as compared to large enterprises, boosting employment and leading to more equitable income distribution. 

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