Cards (4)

    • Job production
      • Used for one-off items produced by skilled workers
      • Each product can take a long time to make, so fewer products are made in a given time period compared to other production methods, meaning productivity is lower
      • Skilled workers will need to be paid higher wages than unskilled workers, which increases costs
    • Firm uses job production
      • Less able to take advantage of economies of scale
      • Unit costs can be high due to the product not being made in bulk
    • Unit costs are high
      Firm needs to charge higher prices for its products
    • Customers are often willing to pay higher prices for a product that is unique or handmade