Theme 2 analysis COPY 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

A
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17
Q

Drawback of batch production

A
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18
Q

Drawback of historical budgeting

A
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19
Q

Drawback of job production

A
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20
Q

Drawback of just-in-time stock management

A
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21
Q

Drawback of Kaizen

A
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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
39
Benefit of a weaker pound
40
Drawback of a weaker pound
41
Impact of high interest rates
42
Drawback of high interest rates
43
Impact of low interest rates on consumer incomes
44
Impact of low interest rates on savings
45
Impact of changes in national insurance
46
benefit of government increasing national insurance
47
recession
48
how businesses can benefit from a recession
49
spreading risk across different countries
50
Boom
51
inflation risk during a boom
52
effect of economic uncertainty on business environment
53
consumer protection legislation