2.3.2 Working with suppliers Flashcards
1
Q
Job Production
A
Production of a one-off item for a single customer
2
Q
One advantage of Job production
A
Increasing Gross Profit Margin after charging a Premium Price
3
Q
One disadvantage of Job Production
A
Takes longer to produce
4
Q
Flow production
A
Continuous production of identical products
5
Q
One advantage of Flow Production
A
Increases productivity
6
Q
One disadvantage of Flow Production
A
High start-up costs at the beginning due to expensive machinery
7
Q
Batch production
A
Producing a limited number of identical products
8
Q
One advantage of Batch Production
A
9
Q
One disadvantage of Batch Production
A
