Production Options (Leaving Cert Business): Flashcards

Custom work made to order for specific customer needs

Products are unique so customers pay premium prices

Requires highly trained, skilled workers with higher wages

Limited identical goods made, then switches to different batch

Achieves economies of scale, lower costs than job production

Continuous production of large amounts of standardised products

Large-scale achieves economies of scale, lowers unit costs

Repetitive work causes high employee turnover and boredom

Paying another business to produce part or all of a product

Sharing confidential data increases risk of information leaks