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Business& Importance of specialisation

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  • What is specialisation?
    Specialisation is the people and businesses concentrate on what they are best.
  • What process often uses machinery and equipment which has been specifically designed to produce specific good?
    Production process
  • Why specialisation is important in business?
    it greatly improves productivity
  • 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
  • Can most goods and services are produced by one person
    No
  • 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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