Businss

Quality product
goods or service hat meets customer's expectations and is therefore 'fit for purpose'
1 of 13
Economies of scak
the reasons why production costs of each item fall as a firm expands
2 of 13
Diseconomies of scale
the reasons why production cost of each item rises as a firm expands
3 of 13
Lean production
a production approach that aims to use fewer resources by using them more effeciently
4 of 13
Flow production
large-scale production where each stage of production is carried out one after the other, continuously, on a production line
5 of 13
Specialisation
work is divided into separate tasks or job that allow workers to become skilled at one of them
6 of 13
Division of labour
breaking a job down into small, repetitive tasks that can be done quickly by workers or machines specialised in this one task
7 of 13
Induction training
initial training to familiarise nw recruits with the system of a business
8 of 13
On-the-job training
takes place when employees receive training as they're working at the place of work
9 of 13
Off-the-job training
takes places away from the job at another place(e.g the business's training centre or a college)
10 of 13
Appraisal
assssing how effectively an emplyee is working
11 of 13
Internal recruitment
appointing an existing employee of the business to fill a vacancy
12 of 13
External recruitment
appointing an employee of ANOTHER business to fill a vacancy
13 of 13

Other cards in this set

Card 2

Front

Economies of scak

Back

the reasons why production costs of each item fall as a firm expands

Card 3

Front

Diseconomies of scale

Back

Preview of the front of card 3

Card 4

Front

Lean production

Back

Preview of the front of card 4

Card 5

Front

Flow production

Back

Preview of the front of card 5
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