Methods Of Production Flashcards
1
Q
What is production?
A
- the process of manufacturing products from raw materials
2
Q
Advantages of batch production
A
- cheaper
- more efficient
3
Q
Disadvantages of batch production
A
- capital intensive
4
Q
Advantages of job production
A
- high profit margins
- specialised products
5
Q
Disadvantages of job production
A
- high labour costs
6
Q
What is capital intensive?
A
- a workforce that relies heavily on machinery
7
Q
What is labour intensive?
A
- a business that relies heavily on a large workforce of staff
8
Q
When would you be capital intensive?
A
- established rich company
- batch production
9
Q
When would you be labour intensive?
A
- start up
- job production
