Resource Management

Question 1

What is Batch production?

Answer 1

a method that involves completing one operating at a time on all units before performing the next
-bread production and furniture making

Question 2

What is Capital intensive?

Answer 2

production methods that make more use of machinery relative to labour

Question 3

What is Flow production?

Answer 3

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
- e.g. car manufacture

Question 4

What is efficiency?

Answer 4

producing a level of output where average cost is minimised

Question 5

What is downsizing?

Answer 5

the process of reducing capacity, usually by laying off staff

Question 6

What is division of labour?

Answer 6

specialization in specific tasks or skills by an individual

Question 7

What is Cell production?

Answer 7

involves producing a family of products in a small self-contained unit (a cell ) within a factory
- furniture manufacture

Question 8

What is the definition of Capital productivity?

Answer 8

the amount of output each unit of capital (e.g. one machine) produces

Question 9

What is job production?

Answer 9

a method of production that involves employing all factors to complete one unit of output at a time
e.g. ship building and construction to making birthday cakes

Question 10

What is production?

Answer 10

= Production takes place when resources, raw materials or components, are changed into finished products.
- Land, labour, capital and enterprise are used in the production process.
- The use of land, and a tractor, to grow crops is an example of primary production.
- Secondary production would be the assembly of parts to make a car in a factory.
- A large part of our economy operates in the tertiary industry.
- This is defined as ‘bringing a product into being’, ie retail sales and the sales of services such as banking and hair dressing.