Operational decisions (Edexcel GCSE Business): Flashcards
📚Flashcards
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15 cards from this deck
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Practise the cards
15 cards from this deck
Business operations
Business operations
Organising, creating & delivering products/services customers want
6 stages of production process
6 stages of production process
Design, manufacture, assembly, test, control, deliver
Job production
Job production
Creating unique, one-off items tailored to specific customers
Worker skill level for job production
Worker skill level for job production
Highly skilled workers
Batch production
Batch production
Making groups of similar products together then switching type
Flow production
Flow production
Large quantities of identical products using automated lines
Flow production volume & margin
Flow production volume & margin
High volumes with low margins
Productivity improvements
Productivity improvements
Creating more with same resources or same with fewer resources
Flexibility as competitive advantage
Flexibility as competitive advantage
Quickly responding to changing customer demands or market needs
Cost control as competitive advantage
Cost control as competitive advantage
Efficient operations enabling competitive pricing strategies
Quality consistency benefit
Quality consistency benefit
Builds customer trust and brand reputation
Design stage in production
Design stage in production
Planning what to create, researching needs & specifications
Assembly stage in production
Assembly stage in production
Combining manufactured components to build complete product
Test stage in production
Test stage in production
Quality checks to verify products work & meet safety standards
Deliver stage in production
Deliver stage in production
Packaging & distributing finished products to customers