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Methods of Production - Coggle Diagram
Methods of Production
Choosing methods
Skills of the workforce
If the workforce is highly skilled, their expertise would be better suited to job production
Finance available
Large amounts of finance are required to equip factories or hire the number of staff needed for large-scale flow production
Cost of labour
Rising labour costs(perhaps due to a rising minimum wage) could mean that the business should move to capital-intensive production.
Technology available
If the business doesn’t have the technology required for capital-intensive production, labour intensive is the only option
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