The focus is the functional area of production and includes the meaning and methods of production and how productivity can be increased. The different costs of production and break-even analysis are covered. The section concludes with the importance and methods of achieving quality in the production process and location decisions of businesses.
Production of goods and services
What is production
What are the methods of production
How has technology change production methods
Costs, scale of production and break-even analysis
What are cost
What is economies and diseconomies of scale
Achieving quality production
How to ensure quality in production?
Where should you locate your business?
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Syllabus Cambridge IGCSE™ Business Studies 0450 by CAIE