Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management - QB
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 5 - Operations management - QB
Business Management HL
Business Management HL

Unit 5 - Operations management - QB

Unlock The Secrets Of Mass Production: Pros, Cons & Alternatives

Word Count Emoji
676 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onΒ 5th Nov 2024

Table of content

What is mass production? 🏭

  • πŸ€“ Definition: Making a LOT of the same product in a flow, typically using an assembly line.

  • πŸ€– Automation is King: Machines are often used as they don’t need coffee breaks and they don’t make mistakes.

  • 🚢 Labour: Usually unskilled, and might just check if the product is okay.

  • πŸ’Έ Costs: Setting up mass production isn't cheap. To recover this money, the company needs to sell a lot of products. Hence, products are often priced affordably.

Synonyms (different ways to say mass production) 🌐

  • Flow Production: Imagine a river of products flowing on an assembly line.

  • Line Production: Like creating a beautiful art piece, step by step.

  • Process Production: Like cooking a dish, you progress from one stage to another in a specific order.

Advantages of mass production πŸš€

  • πŸ› οΈ Low Maintenance: Once everything's set up, it pretty much runs itself!

  • πŸ“¦ Large Orders: Great for businesses when customers say, “I’ll take 10,000 of those!”

  • πŸ’΅ Save on Labour Costs: Since robots can do most of the work, fewer human workers might be needed.

  • πŸš€ Quick Response: Imagine being able to ramp up production when there’s a sudden hot demand for your product (like fidget spinners!).

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IB Resources
Unit 5 - Operations management - QB
Business Management HL
Business Management HL

Unit 5 - Operations management - QB

Unlock The Secrets Of Mass Production: Pros, Cons & Alternatives

Word Count Emoji
676 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onΒ 5th Nov 2024

Table of content

What is mass production? 🏭

  • πŸ€“ Definition: Making a LOT of the same product in a flow, typically using an assembly line.

  • πŸ€– Automation is King: Machines are often used as they don’t need coffee breaks and they don’t make mistakes.

  • 🚢 Labour: Usually unskilled, and might just check if the product is okay.

  • πŸ’Έ Costs: Setting up mass production isn't cheap. To recover this money, the company needs to sell a lot of products. Hence, products are often priced affordably.

Synonyms (different ways to say mass production) 🌐

  • Flow Production: Imagine a river of products flowing on an assembly line.

  • Line Production: Like creating a beautiful art piece, step by step.

  • Process Production: Like cooking a dish, you progress from one stage to another in a specific order.

Advantages of mass production πŸš€

  • πŸ› οΈ Low Maintenance: Once everything's set up, it pretty much runs itself!

  • πŸ“¦ Large Orders: Great for businesses when customers say, “I’ll take 10,000 of those!”

  • πŸ’΅ Save on Labour Costs: Since robots can do most of the work, fewer human workers might be needed.

  • πŸš€ Quick Response: Imagine being able to ramp up production when there’s a sudden hot demand for your product (like fidget spinners!).

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟

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