• Production- using resources and adding value to them to produce goods and services that consumers will want • Decisions that need to be made: what to produce, how to produce it, where to produce it, what quantities, what price, what quality • Methods of Production- Job (individually), Batch (in batches), Flow (continuously) • Factors of Production- Land, Labour, Capital, Enterprise • Objectives of the production department: right product, correct quantity, right price, efficient methods, product quality
What is it? Production is converting raw materials to finished products. It involves a number of factors to be able to produce the goods and services that cater to our needs.
What decisions need to be made? Will goods be manufactured or purchased? The processes by which raw materials are converted into the finished products? How many items would you like to produce? What raw materials, equipment and supplies will be needed for manufacturing? Are these readily available? Can these be leased or purchased? What operations are required in the production process? What is the sequence of operations and how much time will be requited for each operation to be performed? Could the operations be combined or sub-contacted? How much space will be needed? What level of quality is desired? How will the quality be measured? How will consistent quality be maintained? Who will be responsible for delivering quality?
1. Involves using the factors of production 2. production, combining the factors of production together to produce goods and services. 3. 4 factors of production are involved. 4. enterprise 5.capital
Shanice: Business Production 1. Production is to make goods and to provide services 2. Production has four types to it which are land, labour, capital and enterprise 3. Land means to build shops/ factories, labour is people involved in production, producing goods or providing the service, capital means to finance the business machinery and buildings, enterprise means bringing together the factors of production 4. Types of production is primary production which is the first stage of the process is where raw materials and natural resources are farmed or extracted from land or sea. Secondary production is the second stage is where the raw materials and natural materials are turned into finished goods. Tertiary production this is the third stage of the production process which will provide services.
• Four factors of production – Land, Capital, Labour and Enterprise. • 3 Stages Production – Primary, Secondary & Tertiary. • Production involves using the factors of production to make goods and to provide services. • Several decisions are made in production including “what to produce?” “How to produce it?” and “Where to produce it?” • The production managers will find out from the marketing dep. what the consumers want.
PRODUCTION; 1- Product Life Cycle, The Product Department Need To Be Aware Of When To Make A New Product. 2- You Need To Plan And Gather Ideas In Order To Produce A New Product, Much Planning Is Involved. 3- You Need To Research And See If Anything Like The Product You’re Planning Is Already In The Market. – Is It Doing Well? Is It Not Selling? Is It Not Available To Copy? 4- Efficient Is To Enable Your Plans To Be Good In Which Will Produce A Good Product That Will Sell Well & Ensure You’re Making The Most And The Best Out Of Your Resources.
Fon and Katie: • Four factors of production – Land, Labour, Capital and Enterprise • Using resources and adding value to them , to make a product or service • Input – Process – Output • When producing a product or service need to decide: what and how much to produce, how and where to produce it, what price to sell it at and what quality will sell well. • Product has to be what the consumers want and compete with competitors
1. Production combining factors of production to produce goods and services. 2. Involves using the factors of production 3. decions that need to be made, what to produce, how to produce it, where to produce it, what quantities, what price, what quality.
What is it? Production is converting raw materials to finished products. It involves a number of factors to be able to produce the goods and services that cater to our needs.
What decisions need to be made?
Will goods be manufactured or purchased?
The processes by which raw materials are converted into the finished products?
How many items would you like to produce?
What raw materials, equipment and supplies will be needed for manufacturing? Are these readily available? Can these be leased or purchased?
What operations are required in the production process? What is the sequence of operations and how much time will be requited for each operation to be performed? Could the operations be combined or sub-contacted?
How much space will be needed?
What level of quality is desired? How will the quality be measured? How will consistent quality be maintained? Who will be responsible for delivering quality?
Land - to build shops and factories and provide natural resources such as oil and crops. Siting premises and providing raw materials.
Labour – people involved in production, producing the goods or providing the service. Producing goods and providing services.
Capital – to finance the business, machinery and buildings. Financing the business.
Enterprise – bringing together the factors of production and taking risks with ideas: people who do this are called entrepreneurs. Taking the risks and bringing together and the other factors of production.
Primary – taking raw materials and resources directly form the land or sea e.g. fishing, mining, growing crops.
Secondary – turning raw materials into finished goods. This is known as manufacturing. E.g. factories.
Tertiary – (pronounced tursh-a-ree). Providing a service. E.g. shops, banks, hairdressers etc.
3 different types – primary secondary and tertiary
It means the process of converting input into output. It is measured as a rate of input per period of time The inputs or resources used in the production process are called factors of production by economists. These are • Raw materials • Machinery • Labour services • Capital goods • Land • Entrepreneur
What is it? Production is converting raw materials to finished products. It involves a number of factors to be able to produce the goods and services that cater to our needs.
What decisions need to be made? Will goods be manufactured or purchased? The processes by which raw materials are converted into the finished products? How many items would you like to produce? What raw materials, equipment and supplies will be needed for manufacturing? Are these readily available? Can these be leased or purchased? What operations are required in the production process? What is the sequence of operations and how much time will be requited for each operation to be performed? Could the operations be combined or sub-contacted? How much space will be needed? What level of quality is desired? How will the quality be measured? How will consistent quality be maintained? Who will be responsible for delivering quality?
• Production is combining the factors of production to produce goods and services • The production process is input-process-output • Production decisions are made by managers about the services or goods about what to produce how to produce it where to produce it and make sure the business produces the right quantities at the right price and of the right quality • Need to make sure the product is better or has an extra feature to competitors • The three methods of production are Job production Batch production Flow production
1. Product life cycle 2. Production management refers to the planning, implementation, and control of the production processes to ensure smooth and efficient operation. 3. Quality is first and foremost about meeting the needs and expectations of customers. It is important to understand that quality is about more than a product simply "working properly". 4. Job production where items are made individually and each item is finished before the next one is started. Designer dresses are made using the job production method 5. Efficiency is about making the best possible use of resources. Efficient firms maximise outputs from given inputs, and so minimise their costs. By improving efficiency a business can reduce its costs and improve its competitiveness.
Production – Production involves using the factors of production to make goods and to provide services. There are many decisions which have to be made for example the decision upon the four factors of production. For example decision upon the land would entitle businesses to obtain their natural resources such as oil and crops. In addition to this businesses would have to decide on the types of production. The fluency of the company would be relied on how well the three types: primary, secondary and tertiary are. I believe that businesses in the 21st century have to concentrate on the first two sections when the product is extracted off raw materials or even then some companies do not take attention to this on the other most business rely on products which have already been extracted and buy the ready ones. Turning raw materials into finished goods is on the businesses head. However there are middle men in the selling of the product. They would be provided with a cut however it is not the businesses problem sometimes therefore the blame can be put upon others.
• Job production where items are made individually and each item is finished before the next one is started. Designer dresses are made using the job production method. • Batch production where groups of items are made together. Each batch is finished before starting the next block of goods. For example, a baker first produces a batch of 50 white loaves. Only after they are completed will he or she start baking 50 loaves of brown bread. • Flow production where identical, standardised items are produced on an assembly line. Most cars are mass-produced in large factories using conveyor belts and expensive machinery such as robot arms. Workers have specialised jobs, for instance, fitting wheels.
Laurennn :) Production means: • The process of using resources and adding value to them, to make a product or provide a service that consumers will want to buy. • The act of producing; creation; manufacture. • Combining the factors of production to produce goods and services. The decisions are: • What to produce? • How to produce it? • Where to produce it?
Production 1) The act of producing; creation; manufacture. 2) The process of using resources and adding value to them, to make a product or provide a service which consumers will want to buy. 3) Combining the factors of production to provide goods and services. The decisions which need to be made during the production of a product or service are, 1) What to produce? 2) How to produce it? 3) Where & when to produce it? 4) The products target market.
Manufacturing products because someone got to make the products Supplying the products because they’ve got to supply the products to the business other wise they’ll have nothing to sell What to produce is a decision of production because we the manufacturer needs to produce something to earn their pay How to produce the product because there maybe a certain method of producing the product Who to employ because you need the right people to create the products
Production is the process of using resources and adding value to them to make a product or provide a service that consumers will want to buy. Her are some production decisions • What to produce • How to produce it • Where to produce it The managers will also need to make sure the business produces • The right quantities • At the right price • And of the right quality.
Dan gold Production Primary production-extracting raw materials, you would have to decide where to get it from and how. Secondary production-turning raw materials into a good, you would have to decide the best way on how to make that product. Tertiary-shops to sell finishing goods in, you would have to decide what shops to sell these finishing goods in. Land-to builds shops and factories and provide natural resources, you would have to decide on were to build your shops and were to build your factories. Labour- people involved in production, producing the goods and providing the services,
Production – Dan spooner Job production is when each product is made individually, to meet each customer’s specific order. Each order is likely to be different, so batch or flow methods are unsuitable. Batch production is used to produce a number of similar products – a batch. When that order has been completed, another patch is produced for example clothes manufacturers use batch production to produce a given item, such as a jacket in batches of different sizes or colours Flow production is a capital-intensive process in which products move continually along a production line through different stages of production. For example production of a car will start with the shell at the beginning of the production line which various parts being added as the shell moves along the line this process of breaking down production into stages is known as division labour
Production - Ollie Manser Job Production – This is when each product is made individually to meet each customer’s specific order. Batch Production – this is used to produce a large amount of similar products, this is called a batch. Flow Production – Items are produced continuously along a production line through different stages of production. Productions means manufacturing the product, there are different ways in which you can produce products; the main three are Job Production, Batch Production and Flow Production. Decisions that need to be made are what type of production shall we use?
Maisie; 1. Production is the process of using resources and adding value to them to make a product or provide a service that consumers will want to buy. 2. The decisions that need to be made are: -what to produce -how to produce it -where to produce it
3. Managers need to make sure that the business produces the right quantities, at the right price and of the right quality. 4. The production managers need to find out what the consumers want and what the competition is producing. Every part of the business must work together to make the product successful. 5. Production involves processing inputs to produce an output: input --> process --> output. The inputs of factors of production are combined or processed to produce the output of a good or service.
Sophie Turner: Production: What does it mean: production is the process of using resources and adding value to them, to make a product or provide a service that consumers will want to buy. Combination of four factors of production: land; labour; enterprise; capital. The main objectives of the production department are: • Right product • Correct quantity • Right price • Efficient methods • Product quality Production decisions include: • What to produce • How to produce it • Where to produce it Productive efficiency: methods of production that keep the costs of producing goods to the minimum.
Holly Lawson: Production: What does it mean: production is the process of using resources and adding value to them, to make a product or provide a service that consumers will want to buy. Combination of four factors of production: land; labour; enterprise; capital. These are the inputs that are then processed to produce an output (product or service). The main objectives of the production department are: • Right product • Correct quantity • Right price • Efficient methods • Product quality Production decisions include: • What to produce • How to produce it • Where to produce it If any of these decisions are wrong then the production figures may fall. Productive efficiency: methods of production that keep the costs of producing goods to the minimum. Businesses aim to keep their costs as low as possible so that they can make a bigger profit margin and still be competitive. Automation: using computer-controlled machinery, thereby reducing the need for workers. The number of workers you have will influence the production.
Production: 1) Production is the process of using resources and adding value to them to make a product or provide a service that consumers will want to buy. 2) Production process involves processing inputs to make an output. The inputs of the factors of production are combined to produce an output.
Dan Gray Types of production, primary, secondary and tertiary.
Primary: the first stage of the production process Is where raw materials and natural resources are farmed or extracted from the land or sea, for example extracting minerals such as oil and coal.
Secondary: Te second stage of production process turns these raw materials and natural resources into finished products. Examples are manufacturing, assembly and construction. Tertiary: Businesses involved in the third stage of the production process and provide services
Production Processes and methods employed in transformation of tangible inputs (raw materials, semi-finished goods, or subassemblies) and intangible inputs (ideas, information, know how) into goods or services.
The four factors of production: Enterprise, Labour, Capital, Land. When producing a good or providing service, production involves processing inputs to produce an output: input process output. The inputs of factors of production are combined or processed to produce the output of a good or service
Types of production – Primary, Secondary and Tertiary.
Primary production – first stage of production process is where the raw materials are collected from the ground or where the natural resources are harvested. Secondary production – this stage is where the resources which have been have extracted or harvested from the land or natural world are changed into finished products. Manufacturing and building houses are example of these. Tertiary production – these are the businesses which provide a service to people. For example; providing a service to industry and individuals such as banking or insurance. Methods of production – Job production is where one single item is made at a time and is often produced to the customer’s individual specification. Each product is unique and involved a lot of labour to make. For this reason products by this method are expensive. E.g. craft goods, luxury cars, designer clothes
Batch production Batch production is used where several of the same product are made in a batch. All the items in a batch are the same so production is cheaper and more efficient. Cheaper cost of labour and cheaper product to consumer. E.g. newspapers, bread, clothing
Flow production aka Mass production / Assembly line production One product is made continually and in large numbers. A conveyor belt/assembly line is organised and as the product moves along the line parts are added to it. Large quantities are being produced in the shortest possible time. Wages and other costs are minimum. E.g. motor vehicles, machinery, televisions.
Becky, Megan and Ellie
ReplyDelete• Production- using resources and adding value to them to produce goods and services that consumers will want
• Decisions that need to be made: what to produce, how to produce it, where to produce it, what quantities, what price, what quality
• Methods of Production- Job (individually), Batch (in batches), Flow (continuously)
• Factors of Production- Land, Labour, Capital, Enterprise
• Objectives of the production department: right product, correct quantity, right price, efficient methods, product quality
Production
ReplyDeleteWhat is it?
Production is converting raw materials to finished products. It involves a number of factors to be able to produce the goods and services that cater to our needs.
What decisions need to be made?
Will goods be manufactured or purchased?
The processes by which raw materials are converted into the finished products?
How many items would you like to produce?
What raw materials, equipment and supplies will be needed for manufacturing? Are these readily available? Can these be leased or purchased?
What operations are required in the production process? What is the sequence of operations and how much time will be requited for each operation to be performed? Could the operations be combined or sub-contacted?
How much space will be needed?
What level of quality is desired? How will the quality be measured? How will consistent quality be maintained? Who will be responsible for delivering quality?
1. Involves using the factors of production
ReplyDelete2. production, combining the factors of production together to produce goods and services.
3. 4 factors of production are involved.
4. enterprise
5.capital
Shanice:
ReplyDeleteBusiness Production
1. Production is to make goods and to provide services
2. Production has four types to it which are land, labour, capital and enterprise
3. Land means to build shops/ factories, labour is people involved in production, producing goods or providing the service, capital means to finance the business machinery and buildings, enterprise means bringing together the factors of production
4. Types of production is primary production which is the first stage of the process is where raw materials and natural resources are farmed or extracted from land or sea. Secondary production is the second stage is where the raw materials and natural materials are turned into finished goods. Tertiary production this is the third stage of the production process which will provide services.
• Four factors of production – Land, Capital, Labour and Enterprise.
ReplyDelete• 3 Stages Production – Primary, Secondary & Tertiary.
• Production involves using the factors of production to make goods and to provide services.
• Several decisions are made in production including “what to produce?” “How to produce it?” and “Where to produce it?”
• The production managers will find out from the marketing dep. what the consumers want.
PRODUCTION;
ReplyDelete1- Product Life Cycle, The Product Department Need To Be Aware Of When To Make A New Product.
2- You Need To Plan And Gather Ideas In Order To Produce A New Product, Much Planning Is Involved.
3- You Need To Research And See If Anything Like The Product You’re Planning Is Already In The Market. – Is It Doing Well? Is It Not Selling? Is It Not Available To Copy?
4- Efficient Is To Enable Your Plans To Be Good In Which Will Produce A Good Product That Will Sell Well & Ensure You’re Making The Most And The Best Out Of Your Resources.
Fon and Katie:
ReplyDelete• Four factors of production – Land, Labour, Capital and Enterprise
• Using resources and adding value to them , to make a product or service
• Input – Process – Output
• When producing a product or service need to decide: what and how much to produce, how and where to produce it, what price to sell it at and what quality will sell well.
• Product has to be what the consumers want and compete with competitors
Ant Millard
ReplyDelete1. Production combining factors of production to produce goods and services.
2. Involves using the factors of production
3. decions that need to be made, what to produce, how to produce it, where to produce it, what quantities, what price, what quality.
well safe
ZOE:
ReplyDeleteWhat is it?
Production is converting raw materials to finished products. It involves a number of factors to be able to produce the goods and services that cater to our needs.
What decisions need to be made?
Will goods be manufactured or purchased?
The processes by which raw materials are converted into the finished products?
How many items would you like to produce?
What raw materials, equipment and supplies will be needed for manufacturing? Are these readily available? Can these be leased or purchased?
What operations are required in the production process? What is the sequence of operations and how much time will be requited for each operation to be performed? Could the operations be combined or sub-contacted?
How much space will be needed?
What level of quality is desired? How will the quality be measured? How will consistent quality be maintained? Who will be responsible for delivering quality?
Neil and Spade
ReplyDeleteLand - to build shops and factories and provide natural resources such as oil and crops. Siting premises and providing raw materials.
Labour – people involved in production, producing the goods or providing the service. Producing goods and providing services.
Capital – to finance the business, machinery and buildings. Financing the business.
Enterprise – bringing together the factors of production and taking risks with ideas: people who do this are called entrepreneurs. Taking the risks and bringing together and the other factors of production.
Primary – taking raw materials and resources directly form the land or sea e.g. fishing, mining, growing crops.
Secondary – turning raw materials into finished goods. This is known as manufacturing. E.g. factories.
Tertiary – (pronounced tursh-a-ree). Providing a service. E.g. shops, banks, hairdressers etc.
3 different types – primary secondary and tertiary
ReplyDeleteIt means the process of converting input into output. It is measured as a rate of input per period of time
The inputs or resources used in the production process are called factors of production by economists. These are
• Raw materials
• Machinery
• Labour services
• Capital goods
• Land
• Entrepreneur
Lizzie, Dani and Charlie :)
Production
ReplyDeleteBrad
What is it?
Production is converting raw materials to finished products. It involves a number of factors to be able to produce the goods and services that cater to our needs.
What decisions need to be made?
Will goods be manufactured or purchased?
The processes by which raw materials are converted into the finished products?
How many items would you like to produce?
What raw materials, equipment and supplies will be needed for manufacturing? Are these readily available? Can these be leased or purchased?
What operations are required in the production process? What is the sequence of operations and how much time will be requited for each operation to be performed? Could the operations be combined or sub-contacted?
How much space will be needed?
What level of quality is desired? How will the quality be measured? How will consistent quality be maintained? Who will be responsible for delivering quality?
Dom L
ReplyDelete• Production is combining the factors of production to produce goods and services
• The production process is input-process-output
• Production decisions are made by managers about the services or goods about
what to produce
how to produce it
where to produce it
and make sure the business produces
the right quantities
at the right price
and of the right quality
• Need to make sure the product is better or has an extra feature to competitors
• The three methods of production are
Job production
Batch production
Flow production
kish
ReplyDelete1. Product life cycle
2. Production management refers to the planning, implementation, and control of the production processes to ensure smooth and efficient operation.
3. Quality is first and foremost about meeting the needs and expectations of customers. It is important to understand that quality is about more than a product simply "working properly".
4. Job production where items are made individually and each item is finished before the next one is started. Designer dresses are made using the job production method
5. Efficiency is about making the best possible use of resources. Efficient firms maximise outputs from given inputs, and so minimise their costs. By improving efficiency a business can reduce its costs and improve its competitiveness.
Production – Production involves using the factors of production to make goods and to provide services.
ReplyDeleteThere are many decisions which have to be made for example the decision upon the four factors of production. For example decision upon the land would entitle businesses to obtain their natural resources such as oil and crops. In addition to this businesses would have to decide on the types of production. The fluency of the company would be relied on how well the three types: primary, secondary and tertiary are. I believe that businesses in the 21st century have to concentrate on the first two sections when the product is extracted off raw materials or even then some companies do not take attention to this on the other most business rely on products which have already been extracted and buy the ready ones. Turning raw materials into finished goods is on the businesses head. However there are middle men in the selling of the product. They would be provided with a cut however it is not the businesses problem sometimes therefore the blame can be put upon others.
*Not Finished*
Takbir
Jake and Hark think...
ReplyDelete• Job production where items are made individually and each item is finished before the next one is started. Designer dresses are made using the job production method.
• Batch production where groups of items are made together. Each batch is finished before starting the next block of goods. For example, a baker first produces a batch of 50 white loaves. Only after they are completed will he or she start baking 50 loaves of brown bread.
• Flow production where identical, standardised items are produced on an assembly line. Most cars are mass-produced in large factories using conveyor belts and expensive machinery such as robot arms. Workers have specialised jobs, for instance, fitting wheels.
Laurennn :)
ReplyDeleteProduction means:
• The process of using resources and adding value to them, to make a product or provide a service that consumers will want to buy.
• The act of producing; creation; manufacture.
• Combining the factors of production to produce goods and services.
The decisions are:
• What to produce?
• How to produce it?
• Where to produce it?
Charlie Cooper :)
ReplyDeleteProduction
1) The act of producing; creation; manufacture.
2) The process of using resources and adding value to them, to make a product or provide a service which consumers will want to buy.
3) Combining the factors of production to provide goods and services.
The decisions which need to be made during the production of a product or service are,
1) What to produce?
2) How to produce it?
3) Where & when to produce it?
4) The products target market.
gianni
ReplyDeleteManufacturing products because someone got to make the products
Supplying the products because they’ve got to supply the products to the business other wise they’ll have nothing to sell
What to produce is a decision of production because we the manufacturer needs to produce something to earn their pay
How to produce the product because there maybe a certain method of producing the product
Who to employ because you need the right people to create the products
Tommy:
ReplyDeleteProduction is the process of using resources and adding value to them to make a product or provide a service that consumers will want to buy.
Her are some production decisions
• What to produce
• How to produce it
• Where to produce it
The managers will also need to make sure the business produces
• The right quantities
• At the right price
• And of the right quality.
Dan gold
ReplyDeleteProduction
Primary production-extracting raw materials, you would have to decide where to get it from and how.
Secondary production-turning raw materials into a good, you would have to decide the best way on how to make that product.
Tertiary-shops to sell finishing goods in, you would have to decide what shops to sell these finishing goods in.
Land-to builds shops and factories and provide natural resources, you would have to decide on were to build your shops and were to build your factories.
Labour- people involved in production, producing the goods and providing the services,
Production – Dan spooner
ReplyDeleteJob production is when each product is made individually, to meet each customer’s specific order. Each order is likely to be different, so batch or flow methods are unsuitable.
Batch production is used to produce a number of similar products – a batch. When that order has been completed, another patch is produced for example clothes manufacturers use batch production to produce a given item, such as a jacket in batches of different sizes or colours
Flow production is a capital-intensive process in which products move continually along a production line through different stages of production. For example production of a car will start with the shell at the beginning of the production line which various parts being added as the shell moves along the line this process of breaking down production into stages is known as division labour
Production - Ollie Manser
ReplyDeleteJob Production – This is when each product is made individually to meet each customer’s specific order.
Batch Production – this is used to produce a large amount of similar products, this is called a batch.
Flow Production – Items are produced continuously along a production line through different stages of production.
Productions means manufacturing the product, there are different ways in which you can produce products; the main three are Job Production, Batch Production and Flow Production.
Decisions that need to be made are what type of production shall we use?
Maisie;
ReplyDelete1. Production is the process of using resources and adding value to them to make a product or provide a service that consumers will want to buy.
2. The decisions that need to be made are:
-what to produce
-how to produce it
-where to produce it
3. Managers need to make sure that the business produces the right quantities, at the right price and of the right quality.
4. The production managers need to find out what the consumers want and what the competition is producing. Every part of the business must work together to make the product successful.
5. Production involves processing inputs to produce an output:
input --> process --> output. The inputs of factors of production are combined or processed to produce the output of a good or service.
Sophie Turner:
ReplyDeleteProduction:
What does it mean: production is the process of using resources and adding value to them, to make a product or provide a service that consumers will want to buy.
Combination of four factors of production: land; labour; enterprise; capital.
The main objectives of the production department are:
• Right product
• Correct quantity
• Right price
• Efficient methods
• Product quality
Production decisions include:
• What to produce
• How to produce it
• Where to produce it
Productive efficiency: methods of production that keep the costs of producing goods to the minimum.
Holly Lawson:
ReplyDeleteProduction:
What does it mean: production is the process of using resources and adding value to them, to make a product or provide a service that consumers will want to buy.
Combination of four factors of production: land; labour; enterprise; capital. These are the inputs that are then processed to produce an output (product or service).
The main objectives of the production department are:
• Right product
• Correct quantity
• Right price
• Efficient methods
• Product quality
Production decisions include:
• What to produce
• How to produce it
• Where to produce it
If any of these decisions are wrong then the production figures may fall.
Productive efficiency: methods of production that keep the costs of producing goods to the minimum. Businesses aim to keep their costs as low as possible so that they can make a bigger profit margin and still be competitive.
Automation: using computer-controlled machinery, thereby reducing the need for workers. The number of workers you have will influence the production.
Production:
ReplyDelete1) Production is the process of using resources and adding value to them to make a product or provide a service that consumers will want to buy.
2) Production process involves processing inputs to make an output. The inputs of the factors of production are combined to produce an output.
Izzi Gray
Dan Gray
ReplyDeleteTypes of production, primary, secondary and tertiary.
Primary: the first stage of the production process Is where raw materials and natural resources are farmed or extracted from the land or sea, for example extracting minerals such as oil and coal.
Secondary: Te second stage of production process turns these raw materials and natural resources into finished products. Examples are manufacturing, assembly and construction.
Tertiary: Businesses involved in the third stage of the production process and provide services
Chris, Nick and Ant
ReplyDeleteProduction
Processes and methods employed in transformation of tangible inputs (raw materials, semi-finished goods, or subassemblies) and intangible inputs (ideas, information, know how) into goods or services.
The four factors of production: Enterprise, Labour, Capital, Land.
When producing a good or providing service, production involves processing inputs to produce an output: input process output. The inputs of factors of production are combined or processed to produce the output of a good or service
Types of production – Primary, Secondary and Tertiary.
Primary production – first stage of production process is where the raw materials are collected from the ground or where the natural resources are harvested.
Secondary production – this stage is where the resources which have been have extracted or harvested from the land or natural world are changed into finished products. Manufacturing and building houses are example of these.
Tertiary production – these are the businesses which provide a service to people. For example; providing a service to industry and individuals such as banking or insurance.
Methods of production –
Job production is where one single item is made at a time and is often produced to the customer’s individual specification. Each product is unique and involved a lot of labour to make. For this reason products by this method are expensive. E.g. craft goods, luxury cars, designer clothes
Batch production
Batch production is used where several of the same product are made in a batch. All the items in a batch are the same so production is cheaper and more efficient. Cheaper cost of labour and cheaper product to consumer. E.g. newspapers, bread, clothing
Flow production aka Mass production / Assembly line production
One product is made continually and in large numbers. A conveyor belt/assembly line is organised and as the product moves along the line parts are added to it. Large quantities are being produced in the shortest possible time. Wages and other costs are minimum. E.g. motor vehicles, machinery, televisions.