Methods of Production Flashcards
1
Q
What do you want to aim for when considering Methods for Production?
A
Low costs - High output
2
Q
What does it mean to produce efficiently?
A
Produce Max amount possible with min input of people & raw materials - Low cost, high output
3
Q
What should be considered when choosing a Method?
A
- Type of product
- Level of demand, how many you can sell
- The cost, expensive machinery to improve output may not be possible for a small business
4
Q
Explain “Job Production”
A
Making one thing at a time:
- Each product can have a unique design, even based on cust specification
- Often require high skilled labour & have a high labour to capital ratio (lots of worker but little financial investment)
- Usually expensive item that take a long time to make & are high quality
- EG. Ship, bridge, furniture, made to measure clothes
5
Q
Explain “Batch production”
A
Making lots of identical products at one time:
- When that batch is complete they re-organise and make a batch of something else
- Suitable for products that are produced in limited quantities for limited amount of time
- EG. Furniture, clothes, shoes