Question

For Octo Engineering, a capital-intensive company in the manufacturing sector, it is recommended that the company focus on ________ as the key to keeping ahead of the competition.

1)

changing technology

2)

changing strategy

3)

changing structure

4)

changing shared values and culture

Answer 1

For Octo Engineering, a capital-intensive company in the manufacturing sector, it is recommended that the company focus on changing technology as the key to keeping ahead of the competition.

Step-by-step explanation:

Capital Intensive is the method of production in which the capital involved is of higher amount. Capital-intensive industries are like automobile manufacturing, oil production. It also includes transportation sectors like railways and telecommunications. All of these need large amount of capital expenditures.

If the ratio between capital and labor expenses is higher means the business is capital intensive.

To keep up in the competition, it should keep changing the technology used. It will not happen by changing values or structure as per other options.