4.1. Production of goods and services
- Syllabus
- 0264–2027–2028
- Topic
- 4.1
- Level
- —
4.1.1—Production processes
- calculate labour productivity
- why efficiency is important for a business
- how to increase efficiency, e.g. increasing automation and technology, improving labour skills
- concept of lean production and how to achieve it: just-in-time (JIT) inventory control and Kaizen
- advantages and disadvantages of lean production methods
- why businesses hold inventory
- factors affecting how much inventory businesses hold
4.1.2—The main methods of production
- job, batch and flow production
- advantages and disadvantages of job, batch and flow production
- recommend and justify an appropriate production method for a given situation
Objective notes
2 learning objectivesConceptIGCSE Business Studies