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Teams
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lifesaver
Give 15 points!
Oops!
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gift
Win 15 points!
Okay!
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shark
Other team loses 25 points!
Okay!
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banana
Go to last place!
Oops!
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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State one limit to growth
Lack of finance/Nature of the market/Lack of managerial skills/Lack of motivation
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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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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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Construction of an office block is an example of which type of production?
Job production
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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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trap
No points!
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gift
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rocket
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lifesaver
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15
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Provide an example of use of technologies in secondary sector
...
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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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trap
No points!
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fairy
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25
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fairy
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5
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25
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baam
Lose 15 points!
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15
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What is meant by flow production?
Large-scale production of a standard product
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15
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Production of an armrest for an aircraft seat is an example of which type of production?
Batch production
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Name all factors of production
Land, labour, capital and enterprise
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Define the term Production
Transformation of raw materials into finished goods
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15
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If companies exploit economies of scale, they ...
Experience fall in average prices while increasing production
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