Chapter 41: Production & Productivity Flashcards
1
Q
Job production
A
Method of production that involves employing all factors to complete one unit of output at a time.
2
Q
Production
A
Transformation of resources into a final product.
3
Q
Batch production
A
Method that involves completing one operation at a time on all units before performing the next.
4
Q
Flow production
A
Large-scale production of a standard product where each operation on a unit is performed continuously one after the other on a production line
5
Q
Labour intensive
A
Production methods that make more use of labour relative to machinery.
6
Q
Capital intensive
A
Production methods that make more use of machinery relative to labour.
7
Q
Productivity
A
The amount of output that can be produced in a given time & with a given quantity of resources.
