Topic 5 Flashcards
1
Q
What does a business need to consider when wanting to achieve efficiency ?
A
Type of product
Level of demand
The cost expensive machinery or increased workforce
2
Q
What is job production
A
Used when a firm makes individual products that usually have a unique design or suit customers specification
3
Q
What does job production require
And what are the disadvantages of using job production
A
Skilled labour
High quality
Expensive
Time consuming
4
Q
What is batch production
A
Making groups of identical products
Suited to products that are identical to each other
Produced in limited quantities for a limited amount of time
