Operations Flashcards

1
Q

What are the 3 types of production processes

A

Job production , batch production, flow production

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2
Q

What is job production

A

Method of production where products are made individually

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3
Q

What is batch production

A

Where one type of product is made and then production is switched to make a different product

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4
Q

What is flow production

A

Production of one product that takes place continuously using an assembly line, sometimes called mass production

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5
Q

Advantages and disadvantages of job production

A

a -likely to be high quality (designed to meet customers needs), can often charge high price
d - can be high cost if requires high skilled employees, production may be slow

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6
Q

Advantages and disadvantages of batch production

A

A- batches can be varied to meet needs of customers, cheaper than job production
D- stocks of raw materials may be needed which is extra costs, tasks can be repetitive and boring for workers

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7
Q

Advantages and disadvantages of flow production

A

A- large quantities are produced for sale, use of machinery can reduce costs
D- mass produced goods may not be high quality , tasks can be repetitive and boring for workers

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8
Q

Advantages and disadvantages of using technology in production

A

A- machines can replace workers reducing costs, waste is reduced as machine are usually more accurate than humans
D- machines can break down disrupting production, may be expensive to buy

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9
Q

What is quality control

A

System inspecting the quality of goods and services produced and ensuring they are of standard

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10
Q

Advantages of quality control

A

Stops poor quality goods and services being sold, improve reputation of business

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11
Q

Disadvantages of quality control

A

It does not prevent waste, inspection can be costly unless done by machine

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12
Q

2 methods of selling

A

Face to face and telesales

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13
Q

Advantages and disadvantages of face to face selling

A

A -useful when customers want advice and personal assistance
D - may not be convenient to seller

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14
Q

Advantages and disadvantages of telesales

A

A- may cost less then selling from a shop
D- costs such as warehouses to store goods and payment to telesales workers

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15
Q

Factors influencing location

A

Costs, proximity to market, proximity to labour, government, proximity to materials

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16
Q

What is procurement

A

Purchasing within a business

17
Q

Sources of finance

A

Owners capital , retained profit , sale of assets , overdraft , trade credit , taking on a new partner, loan , share issue, crowdfunding