Quiz: Choosing Production Methods to Reduce Costs
Pearson Edexcel Level 1/Level 2 GCSE (9-1) in Business (1BS0)
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Building on what you've learned about production methods, let's test your knowledge on how businesses choose methods to reduce costs!
Which production method is most cost-effective for producing a large volume of identical products?
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Which of the following factors can help reduce production costs? (Select all that apply)
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The {{blank0}} production method is best suited for products made one at a time, while {{blank1}} production is better for continuous large-scale manufacturing.
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A factory produces 10,000 units per day at a cost of £2 per unit. If automation reduces the cost per unit by £0.50, what is the new daily cost?
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Businesses often reduce costs by using {{blank0}} machinery, which increases {{blank1}} by speeding up production.
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Which of the following are advantages of flow production? (Select all that apply)
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Which factor is most likely to reduce costs in flow production?
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