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23 Cards in this Set
- Front
- Back
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What is productivity? |
Productivity is the relationship between inputs into the production process and the resultant outputs. |
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How can productivity be measured? |
-Output per worker -Output per hour or day -Output per machine -Unit costs |
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What is the method "Job" production? |
Each product is produced from start to finish by the same person or group of people. e.g a custom built car or hair cut. |
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What is the method "Batch" production?
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A batch of products is completed in certain stages. e.g cheese, Airline travel |
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What is the method "Flow" production?
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There is a continuous flow of products coming out of the factory (From a production line). e.g Coke bottles, plastic toy |
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What is Hierarchy? |
Different levels of authority. |
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What is Span of control? |
How many people a manager or leader is in charge of. |
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What is Decentralized? |
Where the decision making is spread out between employees. |
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What is a Tall business structure? |
It is a business structure that has meany levels of Hierarchy. |
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What is a Flat business structure? |
It is a business structure that has not meany levels of Hierarchy.
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What is a leader? |
Someone who is in charge of a big group and sees the bigger picture. |
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What is a manager? |
Someone who is in charge of a small group of people. |
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What is Autocratic management? |
A type of management where employees have no say the boss is always right. |
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What is Paternalistic management? |
The boss asks for employees opinion but ultimately doesn't listen. |
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What is Democratic management? |
Bosses allow some influence, authority is delegated. |
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What is Laissez-faire management? |
Employees left to make all decisions this is because the boss is either to busy, to lazy or to unorganized. |
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What is a customer? |
Someone who buys the product. |
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What is a consumer? |
Someone who uses or consumes the product. |
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What is market share? |
The percentage of the market a business takes up. |
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What is profit? |
How much money a business has after costs are taken out. |
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What is delegation? |
When the workload is spread out between employees. |
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What is vertical Expansion? |
When a business merges or takes over another business in the same industry e.g a car sales yard and a car importer |
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What is horizontal expansion? |
When a business merges or takes over a business at the same stage of production. |
