It is when a single item is produced. The whole process is completed before they start on another product. It's suitable for making products that are unique
Job production
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It is when a number of items are produced at the same time. The work can be repetitive for employees
Batch production
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It is where identical, standardised items are produced on an assembly/production line
Flow production
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Where employees specialise in what they do best. Allows the business to be more efficient
Division of labour
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The customer would willingly pay anything for the product or service
Added value
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Where people are needed instead of technology
Labour intensive
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Where technology is used instead of labour (people)
Capital intensive
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Links to production of service improves the customers experience
Customer service
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When businesses research the wants and needs of the customers
Market research
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Where the business researches peoples feedback from products and improving them
Research and development
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Where the business has a patent/copyright on the product
Intellectual property
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Where you take the same products and make them unique
Mass production
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Where the business cuts the cost and time but makes sure the product is top quality
Lean production
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The cost advantage that arise with increased output of a product
Economies of scale
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The number of products per employee
Labour productivity
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Roads, rails, airports
Infrastructure
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A business holds no stock and relies on its raw materials being delivered on time, just when they need it
JIT
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Trying to get employees to care about every product that is being made and to check in detail to make sure that top quality is ensured
TQM
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Where the business trains amny employees to be multi-skilled in work
Multi-skilling
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Where a business looks to the best organisation in the industry to see the highest level expected
Bench-marking
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A guarantee to the customer that the products/service meet the legal standards
British standards institute
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A corporate strategy to enter into a new market/industry which the business is not currently in, whilst also creating a new product for that new market
Diversification
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Other cards in this set
Card 2
Front
It is when a number of items are produced at the same time. The work can be repetitive for employees
Back
Batch production
Card 3
Front
It is where identical, standardised items are produced on an assembly/production line
Back
Card 4
Front
Where employees specialise in what they do best. Allows the business to be more efficient
Back
Card 5
Front
The customer would willingly pay anything for the product or service
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