The Production Process

Question 1

What are the four inputs in the production process?

Answer 1

Capital resources, human resources, natural resources and enterprise

Question 2

What are the two outputs of the production process?

Answer 2

Goods and services

Question 3

What are the three methods of production?

Answer 3

Batch, Job, Flow

Question 4

What is ‘job’ production? Give example

Answer 4

Where each product is produced from start to finish (usually by the same person)

Question 5

What is ‘batch’ production? Give example

Answer 5

Where a batch of products is completed in certain stages

Question 6

What is ‘flow’ production? Give example

Answer 6

There is a continuous flow of production coming out of a factory

Question 7

What is productivity?

Answer 7

How efficiently a business is performing - minimising costs and maximising results

Question 8

What does ‘economies of scale’ mean?

Answer 8

Refers to productivity gains made through increasing production