Production, productivity and efficiency Flashcards
(10 cards)
What is job production?
A method of production that involves employing all factors to complete one unit of output at a time.
What is batch production?
A method of production that involves completing one operation at a time on all units before performing the next task.
What is flow production?
Large scale production of a standard product, where each operation on a unit is performed continuously one after the other, usually on a production line.
What is cell production?
Involves producing a family of products in a small self-contained unit (a cell) within a factory.
What is productivity?
The output per unit of input per time period.
What is labour productivity?
The amount of output each unit of labour (one worker) produces.
What is division of labour?
Specialisation in specific tasks or skills by an individual.
What is efficiency?
Producing a level of output where average cost is minimised.
What is labour intensive production?
Production methods that make more significant use of labour relative to machinery.
What is capital intensive production?
Production methods that make more significant use of machinery relative to labour.
