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Business study's unit 2 (marketing mix- This tells us the point in a…
Business study's unit 2
Production
production methods
Flow production
low production where identical, standardized items are produced on an assembly line. Most cars are mass-produced in large factories using conveyor belts and expensive machinery such as robot arms. Workers have specialized jobs, for instance, fitting wheels.
Batch production
where groups of items are made together. Each batch is finished before starting the next block of goods. For example, a baker first produces a batch of 50 white loaves. Only after they are completed will he or she start baking 50 loaves of brown bread.
Job production
where items are made individually and each item is finished before the next one is started. Designer dresses are made using the job production method.
TQM
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Quality control
where finished products are checked by inspectors to see if they meet the set standard.
JIT
A Japanese production mehode when the components of a product arrive when it needs to be built, as a result less space is used in storage making in ethical.
Benchmark
gives a product a standard to live up to as a result the customer knows product meets minimal requirements
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customer service
Advantages-
more sales
better cashfolw
more profit due to more sales
better public relations
more motivated implyes
cleear aims and goals
Disadvantages-
sales will get worse
public image gets worse
due to less sales price goes up and cashflow retreats
have to change marketing stratigy
PR gets worse
less profit due to cash flow
the implyees motivation gets worse so does production
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