Unit 5 - Business operations Flashcards

Idek anymore

1
Q

Economies of scale

A
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2
Q

Internal economies of scale

A
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3
Q

External economies of scale

A
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4
Q

Types of economies of scale (6)

A

Technical economies
Managerial economies
Financial economies
Risk-bearing economies
Purchasing economies
Marketing economies

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5
Q

Diseconomies of scale

A
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6
Q

Types of diseconomies of scale (4)

A

Bureaucracy
Poor communication
Lack of control
Levels of hierarchy

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7
Q

Increased bureaucracy

A
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8
Q

Poor communication

A
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9
Q

Lack of control

A
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10
Q

Levels of hierarchy

A
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11
Q

Technical economies

A
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12
Q

Managerial economies

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13
Q

Financial economies

A
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14
Q

Risk-bearing economies

A
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15
Q

Purchasing economies

A
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16
Q

Marketing economies

A
17
Q

Obsolete

A
18
Q

Production

A
19
Q

Types of production

A

Job production
Batch production
Flow production

20
Q

Job production

A
21
Q

Batch production

A
22
Q

Flow production

A
23
Q

Labour productivity

A
24
Q

Labour-intensive production

A
25
Q

Capital-intensive production

A
26
Q

Factors of production (4)

A

Capital
Enterprise
Land
Labour
(or CELL)

27
Q

Capital (FOP)

A
28
Q

Enterprise (FOP)

A
29
Q

Land (FOP)

A
30
Q

Labour (FOP)

A
31
Q

Kaizen

A
32
Q

TQM (Total Quality Management)

A