Question

Key aspects of the process selection challenge include __________ and __________ Capital Intensity; Process Flexibility Information Technology; Marketing strategy Process Flexibility; Marketing Strategy Marketing Strategy; Operations Strategy Capacity Planning; Marketing Strategy

Answer 1

Answer:

A. capital intensity; process flexibility

Explanation:

Capital Intensity is the mix of equipment and human skills in the process; the greater the relative cost of equipment, the greater is the capital intensity.

Machining and assembly, programmable automation breaks the inverse relationship between resource flexibility and capital intensity.

Answer 2

Answer:

A) capital intensity; process flexibility

Explanation:

The key aspects of the process selection challenge include capital intensity and process flexibility.

Capital intensity refers to the amount of fixed capital present in relation to other factors of production(labour particularly). It can be estimated as a ratio of capital to labour at the aggregate economy level.

That is,

Capital intensity at aggregate economy level= capital÷labour

On the other hand,

Process flexibility is used to describe the responsiveness of an operation to external factors.

It is used to explain how changes to demand and supply affects an operation in management.