Business& Importance of specialisation | Baamboozle - Baamboozle

English 7 Public

Business IGCSE.Topic is importance of specialisation

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#Business #of #importance #specialisation #importance of specialisation #business IGCSE #business subject

What is specialisation?

Specialisation is the people and businesses concentrate on what they are best.

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Why specialisation is important in business?

it greatly improves productivity

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Can most goods and services are produced by one person

No

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What process often uses machinery and equipment which has been specifically designed to produce specific good?

Production process

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What is meant by "Division of labour"

production is divided into separate tasks and each worker does just one of those tasks

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In the past, most products were made..

by workers with only basic tools and equipment

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What is the importance of specifications in business?

can support project costing, not only the materials and products but the performance and workmanship

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