Production Processes

Question 1

What is job production?

Answer 1

A method of production in which one good is produced at a time, allowing individual and unique products to be created to the customer’s specifications.

Question 2

Advantages and disadvantages of job production

Answer 2

+ Can charge a lot
+ High quality goods
- Requires skilled experts
- Slow

Question 3

What is flow production?

Answer 3

A method of production in which identical products are produced on an assembly line.

Question 4

Advantages and disadvantages of flow production

Answer 4

+ Economies of scale mean that unit cost is low
+ Identical products are made very quickly
- Lower quality
- High setup cost
- If one part of the production line fails, the whole process must halt