topic 4 Flashcards

1
Q

advantages of job production

A

more rewarding than creating the same product over again
customer is more likely to be satisfied, greater level of detail
charge higher price (high profit margin)

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2
Q

disadvantages of job production

A

take longer high costs

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3
Q

advantages of using batch production

A

possible to use machinery
if batch is spoiled only that batch has to be discarded
larger quantities
staff costs lower not need to be skilled

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4
Q

disadvantages of batch production

A

can’t be personalised to individual customer
repetitive

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5
Q

advantages of using flow production

A

large scale produce
less employees needed
production lines can operate 24/7 if necessary

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6
Q

importance of quality - what if you have bad quality?

A

loss of customers
reputation
cost of replacements or refunds
legal actions take against b

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7
Q

advantages of quality assurance

A

less wastage
workers valued more responsibility
improved rep for quality

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8
Q

disadvantages of quality assurance

A

may disrupt production - workers stopping to check quality
training employees
worry abt extra responsibility

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9
Q

e-commerce + to customer

A

no opening closing times on websites
immediately receive products
variety

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10
Q

e-commerce + to business

A

worldwide = access to markets abroad
reduce risk (not physical store)
global reach

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11
Q

e-commerce - to business

A

competitors
websites crash / hacked
highly skilled employees to create web

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12
Q

location of e commerce

A

business can locate anywhere providing they have internet

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13
Q

levels of employment due to e-commerce

A

decrease as fewer staff needed bc technology being used

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14
Q

face to face selling

A

direct contact between buyer and seller

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15
Q

telesales

A

sales made over the telephone

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16
Q

why good service is important?

A

inc sales - satisfied customers more likely to try other goods/services
customer loyalty - more likely to make a repeat purchase

17
Q

benefits of consumer law

A

improved rep as bad publicity is avoided
avoiding high fines

18
Q

location factors

A

labour availability
proximity to raw materials
proximity to market

19
Q

how would being close to suppliers be good?

A

raw materials received quicker
perishable products fresher
bs’ carbon footprint reduced
lower delivery costs

20
Q

procurement function

A

selecting suppliers
ordering products

21
Q

logistics is

A

the management of the transportation and storage of goods

22
Q

why is logistics important?

A

ensures deliveries are made on time
ensures correct items r delivered
ensures items r delivered undamaged

23
Q

what’s the supply chain?

A

network of organisations that gets products to customers

24
Q

shorter supply chain =

A

easier to manage

25
Q

longer supply chain=

A

large distances cause reliability issues