An entrepreneur needs to decide whether a job, batch or flow production method is best for their business.
Which best describes 'production'?
The output of business
The cost of business
The amount of resources used by the firm
What is job production?
When sets of identical items are produced in groups
When standardised items are produced using assembly lines
When single items are produced individually
What is batch production?
What is flow production?
Which production method is a local electrician most likely to use?
Economies of scale leads to:
Lower unit costs and prices
Higher unit costs and prices
It doesn't change anything
Why is job production often used?
Because each customer has individual needs
To mass produce everyday standardised items
To lower unit costs and prices
Flow production can be use to produce:
A designer dress
Which of the following is a benefit of mass production?
Hand made products
Higher unit costs
Which of the following types of company are LEAST likely to make use of mass production?
A public limited company
A public corporation