Theme 2 analysis COPY Flashcards
Benefit of using batch production
Benefit of using budgets
Benefit of using cell production
Quality control benefit
Benefit of just-in-time stock management
Importance of good stock management
Benefit of low capacity utilisation
Benefit of using flow production
Benefit of using historical budgeting (for large businesses)
Benefit of using job production
Benefit of adopting a Kaizen approach
Benefit of quality assurance
Benefit of quality control
Benefit of zero-based budgeting
Benefit of a capital intensive production approach
Gaining a competitive advantage from lean production
Drawback of batch production
Drawback of historical budgeting
Drawback of job production
Drawback of just-in-time stock management
Drawback of Kaizen
Drawback of quality assurance
Drawback of quality control
Drawback of zero based budgeting
Drawback of a strong pound
Benefit of a strong pound
Reasons why incomes may not be impacted by rising inflation
Impact of inflation on cost of sales
Why incomes may be affected by rising inflation
Impact of a stronger pound on demand for domestic businesses
Benefit of improved productivity
Interpreting a stock control diagram
Benefit of a labour intensive production process
Drawback of a labour intensive production process
Production at minimum average cost
Benefit of quality circles
Drawback of quality circles
Reasons why inflation may not impact cost of sales
Benefit of a weaker pound
Drawback of a weaker pound
Impact of high interest rates
Drawback of high interest rates
Impact of low interest rates on consumer incomes
Impact of low interest rates on savings
Impact of changes in national insurance
benefit of government increasing national insurance
recession
how businesses can benefit from a recession
spreading risk across different countries
Boom
inflation risk during a boom
effect of economic uncertainty on business environment
consumer protection legislation
