Production Flashcards

Question

✅ 2. Forward Linkage

Answer 1

This is when a business creates opportunities for other industries to use its output to make something else. Example: A sugar factory produces sugar. A rum company uses that sugar/molasses to make alcohol. A candy company uses the sugar for sweets. 🧠 Think: “What can others make with what I produce?” That’s your forward link.

Answer 2

Create Jobs – More connected businesses = more employment. Encourage Local Production – Less importing, more self-sufficiency. Build Stronger Economies – One industry growing helps others rise too. Support Small & Medium Enterprises (SMEs) – Small businesses thrive in these connected systems. Improve Efficiency – Materials are closer, cheaper, and faster to get.

Answer 3

Let’s say you’re in Trinidad and there’s a booming petroleum industry: Backward linkages: Engineering firms, oil rig suppliers, safety gear suppliers Forward linkages: Gasoline companies, plastics manufacturers, chemical producers Or in Jamaica, with bauxite mining: Backward: Machinery importers, fuel suppliers Forward: Alumina refineries, export ports, aluminum product factories

Answer 4

Availability of land and raw materials Access to labor Proximity to markets Infrastructure (roads, internet, electricity) Government support or incentives

Answer 5

Provides employment Encourages innovation Serves local needs Supports larger industries Flexibility and adaptability

Answer 6

Positive: Higher profits, brand recognition, more jobs Negative: Harder to manage, more competition, possible loss of personal control

Answer 7

1. Economic: Faster production Reduced costs New job opportunities 2. Social: Job loss in some sectors More online businesses Changed lifestyles and communication

Answer 8

It’s basically the process of improving or inventing tools, systems, and machines that make life and work more efficient. Think: smartphones, factory robots, online banking, self-checkout machines, AI (👋🏽), and all that cool high-tech stuff.

Answer 9

💵 ECONOMIC IMPLICATIONS These are the effects on money, jobs, industries, and business growth. ✅ Positive Effects: Increased Productivity Machines work faster, more accurately. Businesses can produce more in less time = more money. Lower Costs of Production Less manual labor = savings on wages. Fewer mistakes and less waste. New Industries & Jobs Tech creates demand for new jobs like coders, engineers, app designers, drone operators. Wider Market Reach Businesses can sell online, reaching international customers easily. Improved Quality Consistent, high-quality production thanks to automation and AI. ❌ Negative Effects: Job Losses Some traditional/manual jobs get replaced by machines. High Initial Costs Tech is expensive to buy and set up at first. Increased Inequality Big companies can afford tech and grow faster than small ones.

Answer 10

These are the effects on people, society, lifestyle, and communication. ✅ Positive Effects: Better Communication Phones, social media, emails = instant connection worldwide. Access to Information People can learn, work, and shop online. Improved Healthcare Technology helps diagnose diseases, store medical records, and improve treatment. Education Opportunities Online classes and virtual learning are more accessible, especially after COVID. ❌ Negative Effects: Reduced Human Interaction People talk less face-to-face; everything’s digital. Mental Health Challenges Social media pressure, addiction to screens. Digital Divide Some people can’t afford or access technology, creating inequality.

Answer 11

1. Bar Code 2. Drones 3.Robots 4.3D Printers

Answer 12

✅ Positive Effects: Migrants send money home (remittances) People bring back new skills when they return Eases overpopulation/unemployment ❌ Negative Effects: Brain drain (loss of skilled professionals) Labour shortages in key sectors Weakens the local talent pool

Answer 13

A successful entrepreneur needs: Planning and goal-setting Decision-making under pressure Leadership and motivation Time and resource management Risk-taking with confidence These skills keep the business running smooth, even during tough times.

Answer 14

💼 Fixed Capital: Long-term assets used repeatedly (buildings, machines, vehicles) 🔄 Working Capital: Day-to-day money for paying bills, wages, buying stock 💡Venture Capital: Money invested in risky new businesses (often from investors)

Answer 15

Subsistence – Just enough for personal/family use Domestic Consumption – For local market/sale Surplus – More than needed, can be stored or sold Export – Products made specifically to sell overseas

Answer 16

(a) Extractive: Taking from nature (farming, fishing, mining) (b) Construction: Building homes, roads, schools (c) Manufacturing: Turning raw materials into finished goods (d) Service: Activities done for others (tourism, banking, education

Answer 17

🌍 Geography: flat land, safety from floods 🛻 Raw materials/supplies: close = cheaper transport 🛣️ Infrastructure: roads, electricity, internet ⚡ Power & Water: stable supply needed 🚚 Transport: ports, roads, airports for shipping 🏥 Health services: to care for workers 🧑🏽‍🏭 Labour: skilled workers nearby 🏛️ Government policies: taxes, licenses, incentives

Answer 18

1. Growth can change how a business operates: 2. Structure: More departments = more hierarchy 3. Capital: Needs more money to expand 4. Labour: May need more or fewer workers (depending on automation) 5. Scale of production: Can lower costs (economies of scale) 6. Technology: Likely to invest in better machines 7. Exports: Larger production = potential to sell abroad

Answer 19

🏭 Capital-Intensive: Relies more on machines and technology Fast and efficient, but expensive E.g. car factories 👩🏽‍🌾 Labour-Intensive: Relies more on human workers Cheaper, but slower E.g. farming, sewing, handcrafts ⚙️ Mechanization & Automation: Mechanization: Using machines for physical tasks (e.g. tractors) Automation: Machines do everything, even thinking (e.g. robots) 💻 CAD (Computer Aided Design): Designing products using software (fast, accurate, modern) 🧑🏽‍🏫 CAI (Computer Aided Instruction): Teaching using computers (interactive learning)

Production Flashcards

(45 cards)