Business:Section 5 (Methods of Production)

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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)


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