Business studies key words unit 3 [so far]

1. Computer aided design- this involves the use of computers to design products. (3)
3. Those costs that do not change as the business changes the amount it produces. (5, 5)
4. Computer integrated manufacture- this is where the whole factory is controlled by computer. (3)
5. The fixed and variable costs of a particular level of production added together. (5, 5)
10. When a business increases it's scale of production, which leads to a fall in the average costs of production. (9, 2, 5)

2. Those costs that rise as the business increases production and fall when it reduces production. (8, 5)
3. Production of one product takes place continuously using a production line. This is sometimes called 'mass production'. (4, 10)
7. Total quality management- The process where all workers are responsible for quality throughout the process of production. (3)
8. A system of checking the quality of finished goods. (7, 7)
9. Computer aided manufacture- this is where the machines used to make the product are controlled by computer. (3)

Get Revising