production

• What are the main factors that determine how a business organizes its production?

  Cost, volume, quality, and the skills of its workforce
• What are the three types of production methods?

  • Job production
  • Batch production
  • Flow or mass production
• What is job production?

  Job production involves making single items to the buyer's specification, one at a time.
• What are some examples of goods made using job production?

  Wedding dresses, tailor-made suits, buildings, bridges, and ships.
• What are the advantages of job production?

  High-quality products tailored to customer needs and flexible design.
• What are the disadvantages of job production?

  Longer production times and higher prices due to skilled labor costs.
• What is batch production?

  Batch production involves manufacturing a limited number of identical products at each stage of production.
• What is a typical industry that uses batch production?

  Baking is a typical industry that uses batch production.
• What are the stages involved in batch production of granary loaves?

  Mixing dough, allowing it to rise, dividing into loaves, baking, slicing, and packaging.
• What are the advantages of batch production?

  Lower unit costs and higher output compared to job production.
• What are the disadvantages of batch production?

  Time lost when machines are reset for new production and potential inability to handle large orders.
• What is flow or mass production?

  Flow production involves the continuous production of identical products on production lines.
• What are the benefits of flow production?

  Faster production and the ability to meet large quantities of demand.
• What are the drawbacks of flow production?

  Lower motivation among workers and high set-up costs for production line machinery.
• How does the type of production used depend on various factors?

  It depends on the product being produced, cost of labor, cost of capital, availability of investment, technology, skills of labor, size of the market, and customer requirements.
• What factors influence the choice of production method?

  • Product being produced
  • Cost of labor
  • Cost of capital
  • Availability of investment
  • Technology
  • Skills of labor
  • Size of the market
  • Customer requirements
• What is the purpose of the discussion themes mentioned in the study material?

  To explain the factors determining the type of production used and summarize the main points for each method.
• What is the statement regarding flow production that needs to be discussed?

  'Flow production is always the best option for a business producing a high volume of products.'