Table Of Contents 4.1.1 The Meaning of Production Managing resources effectively to produce goods and services Difference between production and productivity Benefits of increasing efficiency and how to increase it The concept of lean production Why businesses hold inventories 4.1.2 The Main Methods of Production Recommend and justify an appropriate production method for a given
Table Of Contents 4.2.1 Identify and Classify Costs Classifying costs using examples 4.2.2 Economies of Scale Concept of Economies of Scale The Concept of Diseconomies of Scale 4.2.2 Break-even Analysis The concept of break-even Calculate Break-Even Level of Output from Given Data Construct, complete or amend a simple break-even chart Understand the limitations of break-even
Table Of Contents 4.3.1 Why Quality is Important and How Quality Production Might be Achieved What quality means Why is quality so important? The concept of quality control and how businesses implement quality control The concept of quality assurance and how this can be implemented 4.3.1 Why Quality is Important and How Quality Production Might
Table Of Contents 4.4.1 Location and Relocation of a Business Factors relevant to the location decision of manufacturing businesses and service businesses Role of legal controls on location decisions Factors influencing relocation 4.4.1 Location and Relocation of a Business Factors relevant to the location decision of manufacturing businesses and service businesses Location has a huge
