1
Q
Production techniques
A
Job, batch, flow/mass, cell
2
Q
Job production
A
Producing a one-off item for a one-off customer
- tailor made to suit the individuals needs - labour intensive
- Highly skilled labour, high price, high costs
3
Q
Batch production
A
Make a limited number of identical products
- use of machinery to produce products
- Involves division of labour
- more efficient than job production which keeps costs down, thereby allowing prices to fall
4
Q
Flow production
A
The continuous production of identical products
-use of machinery, highly automated,
-human labour to feed materials, check quality and maintain ,machines
-bulk buying Eos
-high volume production
Inferior goods
5
Q
cell production
A
Setting up a small production line or group working process so that items are produces flexibly
- limits errors
- teams are specialised in their areas
- division of labour
Business
flashcards
Decks in class (64)
# Cards
-
Theme 2 - Finance183
-
2.3.1 Profit14
-
Theme 1265
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Theme 1 - keywords43
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Theme 2 keywords19
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Stock Control22
-
Markets215
-
Theme 2 - Budgets +5
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2.1.1 Internal finance17
-
2.1.2 External Finance41
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2.2.1 Sales forecasting17
-
2.3.2 Liquidity8
-
1.3.2 promotional methods11
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1.3.4 Promotional mix12
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1.3.5 Influence of Social Trends on Branding and Promotion26
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3.1.1 Role and purpose of corporate objectives22
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2.4.4 Quality management22
-
2.4.1 Production, productivity and efficiency97
-
3.3.1 Quantitative Sales forecasting16
-
3.3.2 Investment Appraisal19
-
4.1.1 Global emerging economies37
-
4.1.3 Factors contributing to increased globalisation19
-
3.3.3 Decision trees6
-
3.3.4 Critical Path Analysis10
-
3.5.1 Interpretation of financial statements33
-
3.5.2 Ratio analysis13
-
3.4.3 Stakeholders vs shareholders11
-
4.1.4 Protectionism26
-
4.1.5 Trade blocs24
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4.2.1 Conditions that prompt trade4
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3.4.4 Business Ethics10
-
1.3.5 Marketing Strategy65
-
4.2.2 Assessment of a country as a market8
-
3.4.2 Corporate culture16
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3.1.4 External influences: PESTLE Analysis7
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3.2.1 Growth30
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2.4.2 Capacity utilisation10
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2.4.3 Stock control43
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2.4.5 Economic influences49
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2.5.2 Legislation19
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2.5.3 Competitive environment16
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3.1.3 SWOT analysis14
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4.2.2 Assessment of a country as a market7
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3.5.3 Functions of an HR department12
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4.2.3 Assessment of a country as production location10
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3.6.1 Causes and effects of change11
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3.6.2 and 3.6.3 Key factors in change and scenario planning30
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4.2.4 Reasons for joint ventures and mergers15
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4.4.1 Impact of MNC's29
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4.3.2 Global niche markets11
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3.4.1 Corporate influences13
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3.2.3 Organic growth22
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4.3.3 Global marketing social and cultural7
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4.3.1 Global marketing strategy15
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Ansoff's matrix13
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3.2.2 Mergers and takeovers33
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3.1.2 Corporate strategy36
-
4.1.1 Growing economies18
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3.1 Porter's 5 forces12
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2.2.1 Cash flow forecasts/sales forecasting15
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3.2.1 growth11
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3.2.4 Reasons for staying small4
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2.1.4 Business planning8
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3.3.3 Decision Trees6
