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15
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Name any of the external economies of scale
Skilled labour/Infrastructure/Commercial services/Cooperation
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heart
Other team wins 10 points!
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magnet
Take 15 points!
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fairy
Take points!
5
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15
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25
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banana
Go to last place!
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15
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Production of metal cans is an example of which type of production?
Flow production
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heart
Other team wins 20 points!
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star
Double points!
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shark
Other team loses 20 points!
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banana
Go to last place!
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15
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Approach to production that aims to reduce the quantity of resources used is called ...
Lean production
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15
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Define the term Downsizing
Process of reducing capacity, usually by laying off staff
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baam
Lose 20 points!
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rocket
Go to first place!
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rocket
Go to first place!
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lifesaver
Give 10 points!
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thief
Give points!
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gold
Win 50 points!
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gift
Win 25 points!
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lifesaver
Give 10 points!
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15
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Define the term Production
Transformation of raw materials into finished goods
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15
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What is the formula to measure labour productivity?
Total output/Number of workers
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15
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What is labour-intensive production?
Production that makes more use of labour than machinery
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15
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What is meant by Batch production?
Completing one operation at a time on all units before performing the next
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15
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What is the formula to measure capital productivity?
Total output/Capital employed
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15
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State one advantage of just-in-time production
Reduced waste and improved cash-flow
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15
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Name any of the internal economies of scale
Purchasing/Marketing/Technical/Financial/Managerial/Risk-bearing
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15
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Provide an example of use of technologies in secondary sector
...
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