Theme 2 analysis Flashcards

1
Q

Benefit of using batch production

A
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2
Q

Benefit of using budgets

A
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3
Q

Benefit of using cell production

A
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4
Q

Quality control benefit

A
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5
Q

Benefit of just-in-time stock management

A
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6
Q

Importance of good stock management

A
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7
Q

Benefit of low capacity utilisation

A
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8
Q

Benefit of using flow production

A
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9
Q

Benefit of using historical budgeting (for large businesses)

A
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10
Q

Benefit of using job production

A
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11
Q

Benefit of adopting a Kaizen approach

A
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12
Q

Benefit of quality assurance

A
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13
Q

Benefit of quality control

A
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14
Q

Benefit of zero-based budgeting

A
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15
Q

Benefit of a capital intensive production approach

A
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16
Q

Gaining a competitive advantage from lean production

17
Q

Drawback of batch production

18
Q

Drawback of historical budgeting

19
Q

Drawback of job production

20
Q

Drawback of just-in-time stock management

21
Q

Drawback of Kaizen

22
Q

Drawback of quality assurance

23
Q

Drawback of quality control

24
Q

Drawback of zero based budgeting

25
Drawback of a strong pound
26
Benefit of a strong pound
27
Reasons why incomes may not be impacted by rising inflation
28
Impact of inflation on cost of sales
29
Why incomes may be affected by rising inflation
30
Impact of a stronger pound on demand for domestic businesses
31
Benefit of improved productivity
32
Interpreting a stock control diagram
33
Benefit of a labour intensive production process
34
Drawback of a labour intensive production process
35
Production at minimum average cost
36
Benefit of quality circles
37
Drawback of quality circles
38
Reasons why inflation may not impact cost of sales