Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
15 Cards in this Set
- Front
- Back
|
What do most customers buying budget products expect?
|
Customers buying budget products expect standard quality.
|
|
|
Which production method is a local electrician most likely to use?
|
The production method an electrician is most likely to use is job production.
|
|
|
What is flow production?
|
Flow production is when standardised items are created using assembly lines.
|
|
|
If 50 workers produce 800 cars, what is the labour productivity?
|
The labour productivity is 16 cars.
|
|
|
How can productivity best be improved?
|
Productivity is best improved by introducing new equipment.
|
|
|
Which of the follwing best describes 'productivity'?
|
Productivity is best described as the total output per worker.
|
|
|
What do economies of scale result in a fall in?
|
Economies of scale result in a fall in average costs.
|
|
|
How do small firms survive in industries dominated by large firms?
|
Small firms survive by competing on quality.
|
|
|
What does spreading fixed costs over a larger level of output always cause?
|
Spreading fixed costs over a larger level of output always causes economies of scale.
|
|
|
What is a product that meets a quality standard NOT necessarily going to be?
|
A product that meets a quality standard is not necessarily going to be better than all products made by rivals.
|
|
|
When products are checked at each stage of production, what is this an example of?
|
When products are checked at each stage of production it is called quality assurance.
|
|
|
What happens when a business produces faulty goods?
|
When a business produces faulty goods it increases costs and damages the reputation of the firm.
|
|
|
What method of stock control is being used when a business buys in stock whenever it is running low?
|
This is just in case stock control.
|
|
|
What is the reorder level?
|
The reorder level is the point where more goods need to be ordered in just in case stock control.
|
|
|
What kind of graph is used to show just in case stock control?
|
A bar gate stock graph is used to show just in case stock control.
|
