Volume of Production Flashcards
What system of production has the most automation?
-FW
Continuous.
What does batch production make heavy use of, alongside machinery?
-FW
Jigs.
What is the defining feature of bespoke, over one-off, production?
-FW
The traditional or highly skilled manufacture methods.
Continuous production has a high WHAT cost?
-FW
Investment, or Capital.
What is the most key factor in economies of scale?
-FW
Bulk Buying.
What is batch production a balance of?
-CT
A balance between one-off flexibility and mass / volume productions.
What are the requirements to begin manufacture?
-CT
Capital costs are the investments required.
What are operational cost?
-CT
Those that are a result of running a business, paying staff and bills.
What determines much of the associated costs?
-CT
The number of units to be produced.
Why is there increased cost in batch production?
-CT
Added time, and the need for increased flexibility.