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How can technology help companies reduce factor intensity

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Reference no: EM133182745

You've heard of the term factor intensity. Imagine two scenarios, one a company that is quite labour intensive, another that is quite raw materials intensive. For each, come up with three things that a company could do to reduce their factor intensity. How can technology help companies reduce factor intensity? Provide two examples from real businesses to support your arguments.

Reference no: EM133182745

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