Importance of specialization

Question 1

specialization

Answer 1

being good at/ having a very comprehensive understanding of a specific area.
It can be a product/service/skill

Question 2

division of labour

Answer 2

dividing a job into many specific parts with a single worker or a few worker assigned to each part
food gathering

Question 3

ADVANTAGES of dl

Answer 3

• Workers don’t waste time moving from one task to another
• each employee has tasks that best suit their skills
• increasing productivity

Question 4

DISADVANTAGES

Answer 4

• less motivated because they are constantly doing the same job
• Production may stop if one worker doesn’t do the job

Question 5

Adding value

Answer 5

when the selling price of the product is higher than the cost of all resources used to make it
- Selling price of the product – Cost price (materials etc)

Question 6

ways of adding value

Answer 6

using cheaper materials
personalizing the product or service;
extra features–> adding memory capacity;
creating a brand