The use of factors of production: land, labour, capital, and enterprise
How does land contribute to production processes?
Land plays a vital role in production processes as it provides space for factories, offices, and warehouses. It also contains natural resources such as minerals and raw materials necessary for production. Additionally, land can be used for transportation and distribution networks, enabling efficient movement of goods and services.
What is the role of labor in operations management?
Labor plays a crucial role in operations management by providing the human resources necessary to perform tasks, operate machinery, manage processes, and contribute to the overall production or service delivery. Effective labor management includes workforce planning, training, motivation, and performance evaluation.