Chapter 23 Flashcards
1
Q
What are different economies of scale?
A
- Bulk buying
- Technical economies
- Financial economies
- Marketing economies
- Managerial economies
2
Q
What factors affect the scale of operation?
A
- owners objectives
- capital available
- size of the market immersed in
- number of competitors
3
Q
What are reasons for international local decisions, like in an offshoring or multi national business?
A
- to reduce costs
- to access global market
- to avoid protectionist trade barriers
- other reasons like financial support from government or exchange rate
4
Q
Advantages of multi site locations
A
- greater convenience for customers
- less production based problems if problems hit one factory or outlet
5
Q
Disadvantages of multi site location
A
- lack of coordination can occur between the locations ( 2 way communication is needed)
- potential lack of control form management in outlet and that in head office
6
Q
What are operating decisions greatly influenced by?
A
- marketing factors
- technology
- availability of resources
7
Q
How is operations tied in with marketing?
A
U
8
Q
How is operations tied in with the availability of resources?
A
T
9
Q
How is operations tied in with technology?
A
Q
10
Q
Cam
A
E
11
Q
Cad
A
4
12
Q
Operational flexibility. And innovation
A
E
13
Q
Process innovation
A
We
14
Q
What are the disadvantages and advantages of job flow?
A
A
A
D
D
15
Q
What are the disadvantages and advantages of batch production?
A
A
A
D
D
