Methods of production Flashcards
1
Q
What is Job production?
A
It is the method of production where a company focuses solely on the creation of a single unit of a good.
2
Q
Advantages of Job production?
A
- Higher Quality products
- Premium prices
- Less inventory
3
Q
Disadvantages of Job production?
A
- Higher costs of production
- Time consuming
- Needs high skilled workers (high wages and hard to find these)
4
Q
What is Batch production?
A
It is method of production where multiple of the same products are produced at the same time
5
Q
What is Flow production?
A
Continuous movement of materials through the production process
6
Q
A
