Technology that is characterized by high initial costs and low operating costs is termed
A) a quality circle.
B) capital-intensive.
C) an industrial installation.
D) labor-intensive.
E) a process layout.

Question

Quizplus · Accepted Answer

Technology that requires high initial investments is termed capital-intensive. While a high initial cost may be off-putting, these technologies have low operating costs, which often lead to cost savings in the long run.

Technology That Is Characterized by High Initial Costs and Low