Factors of Production
ZIMSEC O Level Commerce Notes: Factors of Production
- The four factors of production act as inputs during the production process.
- They are also generally known as resources.
To access more topics go to the Commerce Notes page.
January 2023
Production: Introduction
ZIMSEC O Level Business Studies Notes: Production: Introduction
- Production refers to the process and methods by which inputs i.e. raw materials or semi-finished goods are combined with other factors of production are turned into finished products or semi-finished goods products
- During the production process the factors of production are combined to make a finished product that can […]
Job Production
ZIMSEC O Level Business Studies Notes: Production: Job Production
- Production is the creation of goods and services
- Job production is a production method when:
- items are made individually
- Each item is completed before the next one is started
- Each item is unique
- Usually the product is custom made to the customer’s specifications or requirements
- Examples of items made […]
Batch Production
ZIMSEC O Level Business Studies Notes: Production: Batch Production
- Is a method of production where products are made in batches
- The products are made in groups rather than individually as in job production or in a continuous stream as in flow production
- Each batch is completed before starting the next group of products
- For example a shoe maker can […]
Flow Production/Line Production
ZIMSEC O Level Business Studies Notes: Production: Flow Production/Line Production
- This is also known as assembly line or continuous production
- It is a method used to manufacture, produce, or process materials without interruption to produce products
- It involves repetitive manufacturing processes in which each product passes through the same sequence of operations,
- and the machines and other equipment are […]
Methods of controlling quality
- Quality is fitness for a particular purpose
- Quality means the produced product meets customer expectations
- Various methods are used by businesses to achieve and maintain quality
- These methods include:
Quality Control
- Quality control is the process of checking quality at the end of the production line to ensure that it meets set benchmarks and standards
Quality Assurance
- is a more comprehensive […]
Research and Development
ZIMSEC O Level Business Studies Notes: Production: Quality and its importance
- Also known as R & D
- It refers to work directed towards the innovation, introduction, and improvement of products and processes
- It involves:
- Developing completely new products
- Creating imitation products that can compete with a rival’s products
- Creating prototypes and models based on marketing research data
- Improving existing […]