Operations Management- Making Operational Decisions Flashcards
0
Q
Economies of scale
A
- raising finance
- buying in bulk
- expert managers
- use of tech
1
Q
Unit costs
A
Individual costs of producing a single item of a particular product
2
Q
Causes of under-utilisation
A
- seasonal demand
- new competitors
- fall in demand
- over-investment in fixed assets
3
Q
Impacts of under-utilisation
A
- higher unit costs
- lower profits
- lower motivation
- employee boredom
4
Q
Ways of matching production to meet demand
A
- use of overtime
- rationalism
- temporary and part-time staff
