Production Flashcards
Define tangible
A product (can be touched)
Define intangible
A service (cannot be touched)
Define production
The process of taking raw materials and turning them into a finished product, this could be by workers or machines
What are the methods of production
- Job
- Flow
- Batch
Define job production
A type of product made uniquely or specifically to the customer
Define flow production
Items that move along the production line in a continuous process
Define batch production
Identical items are produced at mass
Impact of job production on quantity
Not many are made in the time spent on the product
Impact on quality in job production
Much higher quality because it is the only one made and time and dedication was spent on the unique product
Impact on quantity by batch production
Quantity increases and mass production is available
Impact on quality by batch production
Quality is lower than job production due to mass production
Impact on quality by flow production
Quality is lower due to mass production of identical products
Impact on quantity by flow production
Quantity increases uniformed and identical products
Advantage and disadvantages of job production
Advantage: can charge premium prices, unique selling point, higher quality
Disadvantage: Time limit, high demand, premium price = limited market, skilled labour, difficult sales.
Advantages and disadvantages of batch production
Advantage: cheaper, mass production
Disadvantage: lower quality, may cause lower sales
