Business Studies

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Quality Assurance
Focusing on quality at every stage of the production process. Everyone is involved and responsible for achieving quality.
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Primary Research
Collecting information that does not exist.
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Buffer Stock
The lowest amount of stock a business holds. The stock level will never fall below this amount.
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Market Map
A diagram used to position and compare products in a market and identify opportunities where customer needs are not being met.
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Quality Control
Checking or testing a product at the end of the production process.
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Productivity
Output per worker. It measures the amount a worker can produce over a period of time.
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Secondary Research
The process of gathering information that already exists.
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Just in Time
A stock management system where stock is delivered only when it is needed. No stock is kept by the business.
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Other cards in this set

Card 2

Front

Collecting information that does not exist.

Back

Primary Research

Card 3

Front

The lowest amount of stock a business holds. The stock level will never fall below this amount.

Back

Preview of the back of card 3

Card 4

Front

A diagram used to position and compare products in a market and identify opportunities where customer needs are not being met.

Back

Preview of the back of card 4

Card 5

Front

Checking or testing a product at the end of the production process.

Back

Preview of the back of card 5
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