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csan someone easdily define what is flow / batch/job production and give advantages and disadvantages for those
flow - is continous production advantage- produce lots more and lower unit costs disadvantage - not everyone can use flow produtcio and it can be very capital intensive
batch - making the product in group e.g. make a top of size 12 then make size 14 tops. Advantage - quick, easy and cheaper than doing it one by one Disadvantage- if one goes wrong they all go wrong in that batch
job - one off product personal to that customer advantage - personalisation and made to order disadvantage - expensive
can some tell me the disadvantages and the advantages of inorganic growth and organic growth and then tell me what they stand for and then explain what product life cycle is and how does it work?
Organic growth: growth by selling more products within the business
Inorganic Growth: growth by joining with/taking over another business
Product life cycle: the graph to show how the sales of a product change over time
It includes different stages: development, introduction, growth, maturity and decline. Different extension strategies can be brought in to prevent a product entering into the decline stage and to stop the sales decreasing.
Flow- It is continues for ever, never ends unless told to. Lots of machines
Job- One at a time take it slow. Big money lots of skill
Batch- You make many bits if the same thing then make other bits and build those bits on the others. Think of it like a bit job a bit flow but don't get confused