Which of the following is not an advantage of job production?
High quality output is produced
Production flexibility is maximised
Workers are likely to be more motivated
Standardised output is produced
Which of the following is not applicable to job production?
A long working capital cycle may be faced
It is very capital intensive
It is difficult to enjoy economies of scale
Production is time consuming
Which of the following is not an advantage of batch production?
Lower average unit costs of production compared to job production
Customers receive greater choice than with job production
A high price can be charged due to the product's uniqueness
Risks are spread due to the ability to produce a variety of products
Which of the following statements is not true regarding batch production?
There is no flexibility
Downtime occurs between batches
Inventory storage costs rise
Workers may feel demotivated due to the monotony of work
Which of the following is not an advantage of mass and flow production?
Technical economies of scale are achieved
Labour costs are lowered
Output is highly standardised
Workers are likely to be more motivated due to specialization
Which of the following is not a valid criticism of mass and flow production?
Production is inflexible
Set-up and operational costs are relatively high
The firm is likely to experience limited economies of scale
Relatively low profit margins can be received
A cookie shop is likely to use ? production, whereas an oil refinery is likely to use ? production.
Flow, batch
Flow, job
Batch, job
Batch, flow
Which of the following firms is most likely to use flow production?
A local bakery
A local school
A furniture manufacturer
A national newspaper printing press