Operations Management

It is better for a business to have ...

A limitation of break-even analysis is that it assumes all goods produced are sold

If the total cost of producing 100 pairs of shoes is £2000, each pair must cost £30

What may cause a surge in demand for pasta?

The four factors of production are: Land, Labour, Capital and ...

A benefit of lean production is that there will be less storage of raw materials/components ...

Fixed Costs are costs which ...

The new Mini is made in ...

Lack of commitment from employees is one of the possible diseconomies of scale

Which of the following combinations represent the three methods of production?

CAD stands for ...

Productivity is how a business can measure its ...

The nature of the product may affect which method of production to use

Unemployment is an advantage of new technology

Total Costs are calculated by adding ...

Which of the following is a disadvantage of flow production?

Purchasing economies are to do with ...

The contribution of a product is ...

The margin of safety is ...

Which of the following terms is associated with elimination of waste through continuous improvement?