Understanding Production Systems (Grade 11 NSC Matric Business Studies): Flashcards
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Production function definition
Production function definition
Transforms raw materials into finished goods for customers
3 critical factors for production planning
3 critical factors for production planning
Product variety, volume of production, machinery & equipment
Mass production definition
Mass production definition
Large quantities of identical standardised products continuously
Mass production key advantage
Mass production key advantage
Lower unit costs - products cheaper to make per item
Mass production key disadvantage
Mass production key disadvantage
High setup costs & inflexibility - can't adapt easily
Batch production definition
Batch production definition
Products processed in groups, completing each batch fully first
Batch production key advantage
Batch production key advantage
Flexibility - can adapt to produce different products easily
Job production definition
Job production definition
Unique customised products with specific customer requirements
Job production key advantage
Job production key advantage
Premium pricing for customised products & high quality
Job production key disadvantage
Job production key disadvantage
High labour costs & expensive materials (no bulk buying)