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Production Methods

During the production process,
the business takes raw materials and components, and converts them into the
required products. At each stage, value is added to the product, creating
added value.

Labour Intensive –  When the majority of the
production costs come from labour. This is usually the case in highly-skilled
professions. Most personalised, job producing businesses will be labour
intensive.
 

Capital Intensive – These
businesses require high 
capital investment, including mass producing firms.
Their main costs come from the machinery, raw materials, etc.
 

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 Job Production

The whole process is seen
as one operation, as