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Production Key Terms
Production Methods

· Batch Production: The production of a similar or identical good in batches with production stopped to allow
changes before the next batch is made.
· Cell Production: A firm uses production teams to make part or all of a specific product. It is sometimes…

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Production Key Terms

· Division of Labour: When the production process is split up into different tasks and each worker performs
one of those tasks. This can be called specialisation.
· Just in time (JIT): A strategy involving the supply of stocks to the producer just in time for…


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