production, productivity and efficiency Flashcards
what is job production
producing one off items for a one off customer
can charge a high price
what is batch production
producing set number of identical products
what is flow production
continour production of a single item
what is cell production
small production line
how do you measure productivity
output/ input per time period
what are the factors affecting productivity
investment- investing in machinery
ability of those at work
motivation
management
what are the two factors affecting efficiency
level of waste
whether the correct technology is being used
what is labour intensive production
lots of labour. not much machinery
labour costs make up high percentage of total costs
low financial barriers to entry
necessary for management
what is capital production
lots of machinery
large % of total costs spent on purchasing and operating machinery
high barriers of entry
production in high cost counteries
