1
Q
what is lean production
A
set of tools and techniques used to improves business’ production system
2
Q
what does lean production aim to do
A
reduce waste = reduce cost
3
Q
advantages of lean production
A
reduces waste
increases productivity
4
Q
disadvantage of lean production
A
Missed deliveries
equipment or labour failure
GCSE Business
flashcards
Decks in class (38)
# Cards
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Stakeholders, why they would be interested8
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Business Location and things to be considered for it6
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Business ownership8
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Factors of production4
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Sectors of industry3
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Functions of a business6
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Business planning7
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Business expansion17
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Technology7
-
Economic climate6
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Globalisation11
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Legislation9
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Competitive environment5
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Procurement10
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Quality5
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flow production4
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lean production4
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job production5
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customer service6
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Organisational structure10
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Contracts of employment6
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Motivation (Non financial methods)4
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Training4
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Recruitment9
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Motivation (financial methods5
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Marketing11
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Market research11
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Market share10
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Boston Matrix5
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Product Life cycle16
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Promotion6
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Place8
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Price5
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Factors influencing the price5
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Sources of finance12
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Break even6
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Average rates of return5
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Financial statements17
