The point at which total revenue is equal to costs(expenses)
What is the break even analysis?
100
Research and Development, Patents and Trademarks
What are examples of Innovation?
100
leads to increased sales, repeat customers, as well as reduced costs and premium pricing
What is quality (assurance)?
200
Production of special "one-off" products made to a specific order
What is Job Production?
200
Conventions and Calculations
What are Methods of Project Management?
200
Costs that do not change as output does
What are Fixed Costs?
200
New products are created or improvements to products are made
What is Product Innovation?
200
Safety standards that can give a competitive edge, save on costs, act as an insurance, and bring better profit margins
What are National and International Safety Standards?
300
Groups of a particular product made to order
What is Batch Production?
300
The communication network for transporting products, urban transport for workers, and the provision of networks. Also covers facilities that support industry.
What is Infrastructure?
300
Costs that change as output does
What are variable costs?
300
Logos, slogans, designs or phrases
EX: Coca-Cola is protected by the symbol TM
What are Trademarks?
300
Ishikawa diagram that was designed to show the cause and effects of qualitative problems
What is the Fishbone Diagram?
400
Standardized products made in large quantities
What is Mass Production?
400
Focuses only on quantitative data and ignores qualitative aspect of production
What is Critical Path Analysis?
400
A combination of fixed and variable costs
What are Semi-variable costs?
400
Where some part of the process is improved to bring benifit
What is Process Innovation?
400
Measuring an organization's performance by comparing the cost, time, or quality of what it does against that of its competitors
What is Benchmarking?
500
An adaption of mass production in which the flow is broken up by teams of workers who are responsible for certain parts of the line
What is Cell or Cellular Production?
500
Changes in the size, structure, and distribution of populations over time and place (affects Labour Pool)
What is demographic change?
500
Production units that are easy to identify and generate profit