What are the advantages of direct production
What are the benefits of direct production?
(i) Variety of goods and services as one can produce different types of goods at the same time. (ii) Involves uses of locally simple tools hence one may not necessarily need advanced technology which could be expensive to acquire.
What are disadvantages of direct production?
Does not encourage trade as goods are produced for own use. -Citizens have limited variety of goods. -Discourages specialization as one is forced to produce everything required. -Hinders technological development due to use of simple production methods.
What are the advantages of production?
Advantages to consumers:
A well planned production function will lead to good quality products, higher rate of production and lower cost per unit. The consumers will be benefitted from prices of goods and will get good quality products.
What is direct production?
From Longman Business Dictionary diˌrect proˈduction [uncountable] when someone produces all the things they need using their own efforts and skills, without the advantages of SPECIALIZATION (=concentrating on producing only one product) or the DIVISION OF LABOUR (=using different people to do different jobs).
What are advantages of indirect production?
High quality goods produced. Surpluses produced.no deficits in market. It is capital intensive reducing cost of labor. There is specialization in the production process which leads to efficiency and high quality.
What are the examples of direct production?
An example of the application of this concept can be seen in the case of a carpenter who is a direct producer of furniture. In this case, the individual will select the tree needed for the production of the desired piece of furniture, cut it down, and divide it into workable sections.
What are the 3 types of production?
There are three main types of production to choose from:
- Job production, where items are made individually and each item is finished before the next one is started. …
- Batch production, where groups of items are made together. …
- Flow production, where identical, standardised items are produced on an assembly line.
What is the difference between direct production and indirect production?
Direct production is the production of goods and services by an individual for their own use for example planting a small vegetable farm for home use while indirect production is the production of major goods and services for example machinery for construction use.
What is commerce production?
Commerce involves the buying and selling of goods and services. Production is the process of manufacturing goods using raw materials and other inputs. When people make use of goods and services to satisfy their needs and wants, they are called consumers.
What are the 5 methods of production?
The main methods of production are: job production. batch production. flow production.
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Methods of production
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Methods of production
- the type of product.
- how specialised or customised the product is.
- the level of skills required by the workers.
What are the 6 types of production?
Service Production
- Production »
- Job Production »
- Batch Production »
- Batch »
- Mass Production »
- Continuous Production »
What are the 4 methods of production?
Four types of production
- Unit or Job type of production.
- Batch type of Production.
- Mass Production or Flow production.
- Continuous production or Process production.
What are the advantages and disadvantages of batch production?
Batch production
| Advantages | Disadvantages |
|---|---|
| Allows flexible production | Making many small batches can be expensive |
| Inventories of part-finished goods can be stored and completed later | If production runs are different there may be additional costs and delays in preparing equipment |
Which is the most effective method of production?
Flow production is when the product is built up through many segregated stages; the product is built upon at each stage and then passed directly to the next stage where it is built upon again. The production method is financially the most efficient and effective because there is less of a need for skilled workers.
What are the two major types of production?
For general purposes, it is necessary to classify production into three main groups:
- Primary Production: Primary production is carried out by ‘extractive’ industries like agriculture, forestry, fishing, mining and oil extraction. …
- Secondary Production: …
- Tertiary Production:
What are the two advantages of a batch production?
The advantages include: Cheaper to produce a whole batch of a product than a single item at a time. Machinery can be utilised more efficiently, therefore saving money for the business. Reduces the risk of concentrating on one product and allows for flexibility.
What are advantages of batch production?
The advantages of batch production are that its cheaper to produce a whole batch instead of single, machines can be used more effectively. It’s lower cost, fewer workers because going to use machines.
What are the advantages and disadvantages of one off production?
One off production
| Advantages Made to exact personal spec High quality materials used High quality crafts person ensures a high quality product at the end. | Disadvantages Final product is expensive. Labour intensive and a slow process. |
| Evaluation uses: prototype and architectural, shop signage, vinyl stickers for vehicles. | |
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Mar 10, 2013
What are the advantages and disadvantages of job production?
Job production
| Advantages | Disadvantages |
|---|---|
| High quality product | Production costs likely to be high |
| Can customise orders | Production time may be longer |
| Workers involved in entire production process from start to finish | Investment in machinery may be higher as specialist equipment may be needed |
What are the advantage of continuous?
Advantages of continuous processes
Consistent product quality: Once set, continuous processing ensures consistent product quality throughout the production period. Production quantity can be determined over runtime: Once the desired production quantity has been reached, the process is terminated.