Asked by
Evelyn Williams
on Dec 02, 2024Verified
Labor-intensive industries place significant emphasis on the availability and cost of labor.
Labor-intensive Industries
Sectors or businesses that require a large amount of labor to produce goods or services, as opposed to being heavily automated or equipment-oriented.
Availability
The extent to which a product or service is obtainable and ready for use by customers.
Cost of Labor
The total amount spent by businesses on employee wages, benefits, and payroll taxes.
- Apprehend the effect of geographical determinants on the operational activities of companies.
Verified Answer
MC
Learning Objectives
- Apprehend the effect of geographical determinants on the operational activities of companies.