Week 1
What three elements are involved in the triple bottom line?
People, Planet, Profits
Give 3 sentence styles used in Business Studies so far this term.
Explore the subject
W Start
Ing Start
Preposition Start
Name the two types of technology
Product Technology
Process Technology
Describe customer service.
Customer Service is an intangible output that requires extensive contact with customers, is labour-intensive and immediately consumed. It is extremely difficult to measure.
Name 3 things to consider when choosing a new location?
Cost
Access
Competitors
Age of Building
Area Profile
In addition to people, planet and profit, name 2 areas that Corporate Social Responsibility covers.
-Human rights
-Corruption and payment of bribes
-Corporate transparency and honesty
-Labour standards, particularly in less developed countries.
Name the 3 types of Production
- Job Production
- Batch Production
- Flow Production
Explain the difference between process and product technology.
Product technology, refers to technology in the product itself.
Process Technology refers to technology implemented to improve machines, equipment and devices that transform inputs into outputs.
Name 2 customer service evaluation tools.
High cost sites tend to maximise business opportunities and low-cost sites can signal difficulties ahead.
Explain what difficulties this means?
Give 2 ways a business could be more sustainable.
Recycling
Renewable Energy
Define Batch production and give an example.
Produces a small number of the same item. This is similar to job production however, products are made in groups or batches. This involves a number of slightly different products using the same process.
Icecream
Name the 3 types of product technology?
1)The development of a new product
Example: Fitbit or Amazon’s Kindle
2) An improvement of the performance of the existing product
Example: increase in the digital camera resolution of the iPhone7.
3) A new feature to an existing product
Example: adding power windows to a car
What is the new business paragraph structure?
Point:
Reason:
Explain:
Conclude:
What kind of access is important for business who predominately operate using appointments?
Parking facilities or public transport.
Identify four types of inputs that are typical in an operations system.
ØPlastic
ØPlant Facility
ØEquipment
ØElectrical Parts
ØPower/fuel
ØLabour
Name the 4 Influences (4 V's)
Volume
Variety
Variation
Visibility
What are the two types of process technology?
Computer Aided Design (CAD)
Computer Aided Manufacture (CAM)
Name 3 areas data is collected for monitoring?
-Operation costs
-Waste from operations
-Defects in goods
-Product quality
-Speed of manufacturing
-Volume of output
Name the 3 layout options.
Process-oriented layout
Product oriented layout
Fixed-position layout
Define Transformation
Transformation is the process of converting a series of raw materials into valuable goods and services.
Explain the difference between Variety and Variation.
VARIETY
Refers to the number of different models and variations offered in the products or services.
VARIATION
Variation can be changed based on demand due to time of day, season, holidays or time of year.
Explain the difference between CAD & CAM
Computer-aided design (CAD) is computer technology that allows architects, engineers and designers to draw three-dimensional designs. The most common is ‘Auto-cad’, however, any computer-aided design tool is placed under this classification.
Computer-aided manufacture (CAM) is technology directly linking the design process to the manufacturing process. This is usually seen in the form of physical manufacturing robots. CAM however, is not limited just to manufacturing machinery.
Name 3 of the 5 areas for improvement to develop competitive advantage.
-Quality
-Speed
-Dependability
-Flexibility
-Cost improvements (cheaper)
Explain the difference between process-oriented and product-oriented layout.
1.Process-oriented layout – The facility is arranged so that equipment and workstations are grouped together according to the task they carry out. Best when there are a variety of products or variations on a single product.
2.Product oriented layout – The facility is arranged so that equipment and workstations are in line to provide a sequence of specialised tasks. Best when one product is being produced in large volumes