Business:Section 5 (Methods of Production)
- Created by: Georgia Vyse
- Created on: 01-04-14 09:49
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- Methods of Production
- Efficiently
- Maximum output with minimum input
- Efficient business: Lower operating costs
- Have to consider factors: Demand , type of product and cost.
- Job Production
- Manufacturing individual products
- Unique design to customers specification
- Require highly skilled labour and high labour to capital ratio
- Expensive , high quality , takes a long time
- Batch Production
- Making groups of identical products. Can change between batches
- Suited for products that are identical but produced in limited quantities
- Examples include furniture (limited number of many different designs)
- Efficiently
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