Business& Importance of specialisation | Baamboozle - Baamboozle

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What is specialisation?

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

Why specialisation is important in business?

it greatly improves productivity

Can most goods and services are produced by one person

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

Production process

What is meant by "Division of labour"

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

In the past, most products were made..

by workers with only basic tools and equipment

What is the importance of specifications in business?

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