Y10 Business Studies - C18 Production of Goods and Services

What is the main purpose of production?

• To reduce the number of employees

• To increase employee salaries

• To eliminate all costs

• To convert inputs into saleable goods

What is productivity a measure of?

• The total sales of a company

• The quality of raw materials

• The efficiency of input used in production

• The number of employees in a business

Which of the following is NOT a benefit of increasing productivity?

• Reduce average cost

• Improve efficiency

• Increase employee turnover

• Enhance competitiveness

Why do businesses hold inventories?

• To eliminate all waste

• To reduce production costs

• To increase employee satisfaction

• To meet customer demand

What is Lean production aimed at?

• Maximizing employee output

• Minimizing waste of resources

• Reducing customer complaints

• Increasing inventory levels

What does Just-in-time (JIT) production focus on?

• Maximizing employee hours

• Increasing production speed

• Holding large inventories

• Minimizing inventory holding costs

What does Kaizen mean?

• Mass production

• Cost reduction

• High inventory

• Continuous improvement

Which production method involves producing items one at a time?

• Job production

• Mass production

• Batch production

• Flow production

What is a characteristic of batch production?

• Producing goods without any inventory

• Producing items one at a time

• Producing goods in large quantities continuously

• Producing goods in groups or batches

Which of the following is a method of production that uses technology?

• All of the above

• Just-in-time

• Flow production

• Job production