Business activity - unit 1

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What is specialisation?
The focus on specific tasks and activities.
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What is one benefit of specialisation?
It can lead to increased production levels.
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What is one potential problem with specialisation?
It can result in over-concentration on particular activities and products.
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What are two advantages of specialisation?
Resources can be focused on their most productive lines, and focusing on a set task enables an individual, company, region or country to become more productive in that task.
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What are another two advantages of specialisation?
Larger outputs can be produced at lower unit costs, and the concentration of specialists enables the sharing of knowledge and skills between specialists.
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What is one disadvantage of specialisation?
Specialisation can lead to over-reliance on a set tasks or product, so when the product or task is no longer required the specialist becomes redundant.
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What is another disadvantage of specialisation?
Focusing on set tasks means that specialists spend all the their time doing the same or similar things with little opportunity for variety.
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Card 2

Front

What is one benefit of specialisation?

Back

It can lead to increased production levels.

Card 3

Front

What is one potential problem with specialisation?

Back

Preview of the front of card 3

Card 4

Front

What are two advantages of specialisation?

Back

Preview of the front of card 4

Card 5

Front

What are another two advantages of specialisation?

Back

Preview of the front of card 5
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