Production

Question 1

What are the 3 types of methods of production?

Answer 1

Job
FLow/Mass
Batch

Question 2

Define and list pros and cons of Job production?

Answer 2

Is a method of production that is labour intensive and needs high skilled workers

PROS:
Meets demand
High quality

CONS:
High costs
Time costly

Question 3

Define and list pros and cons of Mass/Flow production ?

Answer 3

Is a production of products lines

PROS:
Meets excess demand
Don’t need skilled workers
Low Running costs

CONS
High start up costs

Question 4

Define and list pros and cons of Batch Production?

Answer 4

Limited number of identical products

PROS:
Cheap
EOS

CONS:
Can’t scale production

Question 5

What are potential Pros and cons of Productivity ?

Answer 5

CONS:
Demotivated workforce
Staff turnover
Less training
Supply issues

PROS:
EOS
competitive advantage
Motivation

Question 6

What are ways to improve productivity ?

Answer 6

Improve tech
Lean production
TRaining

Question 7

Give a brief detail of Working at max capacity and Under capacity

Answer 7

Max capacity(booming economy)

spreads fixed costs per units

Unexpected problems may arise, QC problems , Unexpected demand

Under capacity

Reduced profits

Lack ROI

Redundancies

Motivation

Question 8

Give a brief detail of Rationalism , Subcontracting of production and Increase use of assets

Answer 8

Rationalism ( Reduce Odd products , Cut staff)

Subcontracting of production(Getting another firm to produce goods could be bad quality )

Increase use of assets ( Primark letting a barber use its premise )

Question 9

Labour and capital productivity formula?

Answer 9

Output/employee , Output/Capital employed

Question 10

Capital employed formula ?

Answer 10

output/Max capacity