Job production

Date: 2015-10-07; view: 398.

Industrial inertia

Flow production

Enterprise

Efficiency

Economies of scale

Customer

Cash flow

Capital

Business

Batch production

Assets

GLOSSARY

The possessions of a business that contribute to the value of the business.

A method of production in which a number of items are processed at the same time.

An organization that buys in goods and services which are then used to produce different goods and service to be at a profit.

The total stock of wealth (as opposed to income) owned by a business.

the money that flows into and out of a business over a given period of time. A projected cash flow for a future period is known as a cash flow forecast/flow budget.

The purchaser of the goods and services produced by a business.

A situation in which an increase in the scale at which a business operates will lead to a reduction in unit cost.

A ratio of the input of an operation or process to the output.

The ability to see a market opportunity combined with the willingness to accept risk in order to exploit it.

A method of production organization in which the work moves from one work station to another as each process is completed.

The term used to describe the reluctance of business organizations to relocate.

A method of production organization in which a single product is made from start to finish by one person or a group of people.