Business TO Mocks

Different types of production

Break even and margin of safety

Profit

Cost of sales

Loss 

Sources of finance

Depreciation of the pound

Working capital

Stock

Cash and profit differences

Ratios

Buffer stocks

Supply and demand

Economic uncertainty

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What is job production?
Job production- Items made individually
1 of 6
What is batch production?
Batch production- Items made together
2 of 6
What is flow production?
Flow- Identical, standardised items are produced on an assembly line
3 of 6
What is cell production?
When individual groups make a component of an item (Teams-Cells)
4 of 6
How do you work out break even?
FC/VC-SP
5 of 6
How do you work out margin of safety
Current profit- Break even point
6 of 6

Other cards in this set

Card 2

Front

What is batch production?

Back

Batch production- Items made together

Card 3

Front

What is flow production?

Back

Preview of the front of card 3

Card 4

Front

What is cell production?

Back

Preview of the front of card 4

Card 5

Front

How do you work out break even?

Back

Preview of the front of card 5
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