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Business

GCSE · AQA

QuestionsFlashcards

The Purpose & Nature of Businesses
Business Ownership
Setting Business Aims & Objectives
Stakeholders
Business Location
Business Planning
Expanding a Business
- Business Expansion
  11
- Economies & Diseconomies of Scale
  12

Technology
Ethical & Environmental Considerations
The Economic Climate
Globalisation
- How UK Businesses Compete Internationally
  7
- Exchange Rates
  5
Legislation
Competitive Environment
- Operating in Competitive Markets
  6
- Risks & Uncertainty
  9

Production Processes
- Producing Goods & Services
  5
- Efficiency in Production
  6
The Role of Procurement
The Concept of Quality
Good Customer Service
- Customer Service in Business
  6
- ICT & Customer Service
  6

Organisational Structures
- Key Principles of Organisational Structures
  11
- Management & Communication in Different Structures
  9
Recruitment & Selection of Employees
Motivating Employees
Training
- The Importance of Training
  6
- Methods of Training
  8

The Exam Papers
- Paper 1: Influences of Operations & HRM on Business Activity
  7
- Paper 2: Influences of Marketing & Finance on Business Activity
  5
Business Exam Skills
Structuring Your Responses

Efficiency in Production Flashcards

All 6 cards in this deck

What is efficiency in production?: How well a business uses its resources to make products or provide services — the amount of inputs needed relative to outputs.
What is lean production?: A production approach that aims to reduce waste during the production process.
e.g. cutting faulty products, unsold stock and employee downtime.
What is kaizen?: Continuous improvement — all employees are regularly encouraged to suggest ways the production process can be improved.
What is just-in-time (JIT) production?: Receiving regular deliveries of only the stock needed before existing raw materials run out, so no buffer stock is held.
Give two ways just-in-time (JIT) makes production more efficient.: It frees up storage space for production and reduces the capital tied up in stock; frequent deliveries also keep perishable items fresher.
True or false? A business using just-in-time (JIT) can take advantage of bulk-buy discounts.: False. JIT means ordering small quantities frequently, so the business loses the discounts given for large orders.