Productivity and Efficiency (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is the key difference between productivity and production?
What is the key difference between productivity and production?
Production is total output; productivity is rate
A factory with 50 workers produces 2,000 units. What is labour productivity?
A factory with 50 workers produces 2,000 units. What is labour productivity?
40 units per worker
8 machines produce 640 items per day. What is capital productivity?
8 machines produce 640 items per day. What is capital productivity?
80 items per machine per day
How does division of labour increase productivity?
How does division of labour increase productivity?
Workers develop expertise in specific tasks
What are piece rates designed to do?
What are piece rates designed to do?
Link worker pay directly to output quantity
When is efficiency maximised in production?
When is efficiency maximised in production?
When average costs are minimised
How does standardisation improve efficiency?
How does standardisation improve efficiency?
Enables bulk buying & uniform procedures
What does Kaizen mean?
What does Kaizen mean?
Continuous improvement
What is the main purpose of just-in-time (JIT) production?
What is the main purpose of just-in-time (JIT) production?
Minimise stock holdings
Which is a benefit of capital intensive production?
Which is a benefit of capital intensive production?
Equipment can operate 24/7 without breaks